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Class Activity: As you can see in the following table, demand for heart transplant surgery at Vancouver General Hospital has increased steadily in the past

  1. Class Activity:As you can see in the following table, demand for heart transplant surgery at Vancouver General Hospital has increased steadily in the past few years:

Year

1

2

3

4

5

6

Heart Transplants

45

50

52

56

58

?

The director of medical services predicted six years ago that demand in year 1 would be 41 surgeries.

  1. Use exponential smoothing, first with a smoothing constant of 0.6 and then with one of 0.9, to develop forecasts for years 2 through 6.
  2. Use a three-year moving average to forecast demand in year 4,5, and 6.
  3. Use the trend-projection method to forecast demand in years 1 through 6.
  4. With MAD as the criterion, which of the four forecasting methods is best?

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