Question
Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below: Day Bicycle Victims 1 12
Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below:
Day Bicycle Victims
1 12
2 10
3 22
4 25
5 24
6 27
1. What is the forecast for day 4 using a 3-period moving average model? (1 mark) (Round to two decimal places).
Question 2.2:
What is the forecast for day 5 using a 3-period moving average model? (Round to two decimal places).
Question 2.3:
What is the forecast for day 6 using a 3-period moving average model? (1 mark) (Round to two decimal places).
Question 2.5:
What is the MAD for the 3-period moving average forecasts for days 4 through 6? (2 marks) (Round to two decimal places)
Question 2.6:
With an alpha value of 0.42 and a starting forecast in day 3 equal to the 25 , what is the exponentially smoothed forecast for day 4?
Question 2.7:
What is the exponentially smoothed forecast for day 5?
Question 2.8:
What is the exponentially smoothed forecast for day 6?
Question 2.9:
What is the MAD for the exponentially smoothed forecasts for days 4 through 6 using alpha=0.42?
Question 2.14:
What is the MSE for the exponentially smoothed forecasts for days 4 through 6 with alpha=0.42?
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