Essay
Community General Hospital finds itself treating many bicycle accident victims.Data from the last seven 24-hour periods is shown below:
a.What is the forecast for day 4 using a moving average model with AP = 3?
b.With an alpha value of .5 and a starting forecast in day 4 equal to the actual data, what is the exponentially smoothed forecast for day 8?
c.What is the MAD for days 6 to 8 for an exponentially smoothed forecasting model with an alpha value of .5 and a starting forecast in day 4 equal to the actual data?
d.What is the tracking signal for days 6 to 8 for an exponentially smoothed forecasting model with an alpha value of .5 and a starting forecast in day 4 equal to the actual data?
Correct Answer:
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a.F (Day 4) = (4 + 8 + 6) / 3 = 6
b.F(Da...View Answer
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Correct Answer:
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b.F(Da...
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