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Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below: DayBicycle Victims 16 28 34
Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below:
DayBicycle Victims
16
28
34
47
59
69
77
Q1: What is the forecast for day 8 using a 3-period moving average model?
Q2: With an alpha value of .4 and a starting forecast in day 3 equal to the actual data, what is the exponentially smoothed forecast for day 8?
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