Question
Question 2.1: Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below: Day Bicycle Victims
Question 2.1: 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 18 2 6 3 10 4 11 5 14 6 23 1. What is the forecast for day 4 using a 3-period moving average model? (1 mark) (Round to two decimal places). Note: Please type a number and only a number in text boxes. Question 2.2: What is the forecast for day 5 using a 3-period moving average model? (Round to two decimal places). Note: Please type a number and only a number in text boxes. Question 2.3: What is the forecast for day 6 using a 3-period moving average model? (1 mark) (Round to two decimal places). Note: Please type a number and only a number in text boxes. 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 0.45 and a starting forecast in day 3 equal to the 20 , what is the exponentially smoothed forecast for day 4? (Round to two decimal places) (2 marks) Question 15 What is the exponentially smoothed forecast for day 5? (2 marks) (Round to two decimal places) Note: Please type a number and only a number in text boxes. Question 2.8: What is the exponentially smoothed forecast for day 6? (Round to two decimal places) (2 marks) . Note: Please type a number and only a number in text boxes. Question 17 What is the MAD for the exponentially smoothed forecasts for days 4 through 6 using alpha=0.45? (2 marks) (Round to two decimal places) Question 2.14: What is the MSE for the exponentially smoothed forecasts for days 4 through 6 with alpha=0.45? (2 marks) (Round to two decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started