Question: D: For forecasts made using the trend-projection method, MAD = ___ surgeries. (round your response to one decimal place) Problem 4.13 Question Help Year Heart

D: For forecasts made using the trend-projection

D: For forecasts made using the trend-projection method, MAD = ___ surgeries. (round your response to one decimal place)

Problem 4.13 Question Help Year Heart Transplants 1 2 3 5 48.0 50.0 55.0 56.0 57.0 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): 1 2 3 4 5 Year Forecast 6 56.0 44.0 46.4 48.6 52.4 54.6 For the forecast made using exponential smoothing with a = 0.60 and the given forecast for year 1, MAD = 4.0 surgeries (round your response to one decimal place). Using exponential smoothing with a of 0.90 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 5 6 Forecast 44.0 47.6 49.8 54.5 55.9 56.9 4 For the forecast made using exponential smoothing with a = 0.90 and the given forecast for year 1, MAD = 2.6 surgeries (round your response to one decimal place) b) Forecasts for years 4 through 6 using a 3-year moving average are (round your responses to one decimal place): Year Forecast 53.67 4 5 6 56 51 For forecasts made using a 3-year moving average, MAD = 4.2 surgeries (round your response to one decimal place). c) Forecasts for years 1 through 6 using the trend-projection method are (round your responses to one decimal place): Year Forecast 1 2 3 4 5 6 Enter your answer in the edit fields and then click Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!