Question: ( Complete using Excel spreadsheet and show each formula used and step by step process ) . It is also important to show all the
Complete using Excel spreadsheet and show each formula used and step by step process It is also important to show all the numbers used, don't just explain the process, please show working steps.
Dr Chris is a chiropractor and treats patients from her home office. The following data
represent the number of patients that Dr Chris treated over the past six days.
a Calculate the patient forecast for Day using a threeperiod moving average.
b Calculate the patient forecast for Day using a threeperiod weighted moving average with
weights and applied from most current to oldest day respectively.
c Find the optimal weights. explain what this is and how to calculate it step by step
d Calculate the patient forecast for Day using a simple exponential model with smoothing
constant of
e Find the optimal smoothing constant.
f Evaluate all models using the MSE and MAPE. Which model is the best model?
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