4. Given below is a series of weekly demand for outpatient care at an ambulatory center. Also shown are forecasts of demand calculated by two forecasting methods that are under consideration.

a. Compute the MAD for each forecast model.

b. Compute the RSFE for each forecast model.

c. Indicate which model you think is better and why.

Transcribed Image Text:

DEMAND FORECAST MODEL A FORECAST MODEL B 536 575 550 590 600 580 554 580 545 622 595 600 718 610 670 673 625 645 640 630 650 595 640 645 542 600 565 588 605 570