Question
2. The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this yearfollows: Week Actual No. of Patients 1
2.
The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this yearfollows:
Week | Actual No. of Patients |
1 | 85 |
2 | 88 |
3 | 96 |
4 | 80 |
5 | 84 |
6 | 93 |
Clinic administrator Dana Schniederjans wants you to forecast patient numbers at the clinic for week 7 by using this data. You decide to use a weighted moving average method to find this forecast. Your method uses four actual demandlevels, with weights of
0.500
on the presentperiod,
0.250
one periodago,
0.125
two periodsago, and
0.125
three periods ago.
Part 2
a) What is the value of yourforecast?
The value of the forecast is _________patients (round your response to two decimal places).
c) The mean absolute deviation based on a 2-day moving average = _______ degrees (round your response to one decimal place).
d)The mean squared error based on a 2-day moving average of =_____ degrees 2(round your response to one decimalplace).
e) The mean absolute percent error( MAPE) based on a 2-day moving average = _________ % (round your response to one decimal place).
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