Question: 1. please fill the blank. 2. The absolute deviation based on the forecast developed for each period using the exponential smoothing method (with a smoothing
1. please fill the blank.
2. The absolute deviation based on the forecast developed for each period using the exponential smoothing method (with a smoothing constant (alpha)=0.60and a starting forecast of 44.0 surgeries) adds to ______ surgeries.(round your response to two decimal places).
3. For the forecast made using exponential smoothing with alpha=0.60 and given the forecast for year 1, MAD = ______ surgeries
As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: 1 3 4 Year Heart Transplants 2 48.0 5 57.0 48.0 55.0 56.0 The director of medical services predicted 6 years ago that demand in year 1 would be 44.0 surgeries. a) Using exponential smoothing with a of 0.60 and the given forecast for year 1, the forecasts for years 2 through 6 are (round your responses to one decimal place): Year 1 2 3 4 5 6 Forecast 44.0
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