Question: ( Complete using Excel spreadsheet and show each formula used and step by step process ) . Dr . Chris is a chiropractor and treats
Complete using Excel spreadsheet and show each formula used and step by step process
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.
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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