The director of medical services predicted 6 years ago that demand in 1 year would be 42
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Question:
The director of medical services predicted 6 years ago that demand in 1 year would be 42 surgeries.
a) Use exponential smoothing, first with a smoothing constant of .6 and then with one of .9 , to develop forecasts for years 2 through 6.
b) Use a 3 year moving average to forecast demand in years 4, 5 and 6.
c) Use the trend Projection method to forecast demand in years 1 through 6 d) with MAD as the criterion, which of the four forecasting methods is best. Please show all work.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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