Question: fx A B C D E F G H 1 K L M N 0 P Problem 3 ( 1 5 points ) : Exponential

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Problem 3(15 points): Exponential smoothing
a (6 pts) Forecast number of surgeries using exponential smoothing with a smoothing constant of 0.8 and assuming F1=A1.
b (9 pts) Compute MAD, MSE, and MAPE:
Demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years, as shown below. The director of medical services wants to choose a forecast method to predict the demand in year 6
\table[[Year,Heart Transplants,Forecasts],[1,45,],[2,50,],[3,52,],[4,56,],[5,58,],[6,?,]]
\table[[||||et |||,et2,||||et|/At,],[,,,],[,,,],[,,,],[,,,],[Average,,,],[,MAD,13.512,5.52%
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