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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:
a.What is the forecast for day 4 using a moving average model with AP = 3?
b.With an alpha value of .5 and a starting forecast in day 4 equal to the actual data, what is the exponentially smoothed forecast for day 8?
c.What is the MAD for days 6 to 8 for an exponentially smoothed forecasting model with an alpha value of .5 and a starting forecast in day 4 equal to the actual data?
d.What is the tracking signal for days 6 to 8 for an exponentially smoothed forecasting model with an alpha value of .5 and a starting forecast in day 4 equal to the actual data?
Miles Per Hour (Mph)
A unit of speed expressing the number of miles traveled in one hour.
Centimeters
A unit of length in the metric system equal to one-hundredth of a meter, commonly used to measure small distances or the height of objects.
Inches
A unit of measurement in the Imperial and United States customary systems, equal to 1/12 of a foot.
Gigabytes (GB)
A unit of storage capacity in digital computing and telecommunications, equivalent to approximately 1 billion bytes or 1,000 megabytes.
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