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?

Question

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?

Quizplus · Accepted Answer

The Answer of 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?

Community General Hospital Finds Itself Treating Many Bicycle Accident Victims