Question: HISTORICAL DATA Date Time Daily Cases Total Cases Total Deaths Death Rate Daily Deaths 29-Jun 1 44,734 26,81,811 1,29,358 4.82% 366 30-Jun 2 48,402 27,30,213
HISTORICAL DATA Date Time Daily Cases Total Cases Total Deaths Death Rate Daily Deaths 29-Jun 1 44,734 26,81,811 1,29,358 4.82% 366 30-Jun 2 48,402 27,30,213 1,30,085 4.76% 727 01-Jul 3 52,537 27,82,750 1,30,996 4.71% 911 02-Jul 4 57,685 28,40,435 1,31,689 4.64% 693 03-Jul 5 59,776 29,00,211 1,32,320 4.56% 631 04-Jul 6 50,134 29,50,345 1,32,590 4.49% 270 05-Jul 7 46,214 29,96,559 1,32,858 4.43% 268 DATA FOR FORECAST MODELS Date Time Daily Cases Total Cases Total Deaths Death Rate Daily Deaths 06-Jul 1 50,929 30,47,488 1,33,246 4.37% 388 07-Jul 2 56,025 31,03,513 1,34,252 4.33% 1,006 08-Jul 3 62,465 31,65,978 1,35,162 4.27% 910 09-Jul 4 61,739 32,27,717 1,36,143 4.22% 981 10-Jul 5 72,460 33,00,177 1,37,005 4.15% 862 11-Jul 6 62,182 33,62,359 1,37,751 4.10% 746 12-Jul 7 58,781 34,21,140 1,38,140 4.04% 389 13-Jul 8 65,956 34,87,096 1,38,619 3.98% 479 14-Jul 9 66,153 35,53,249 1,39,576 3.93% 957 15-Jul 10 99,178 36,52,427 1,40,599 3.85% 1,023 16-Jul 11 46,567 36,98,994 1,41,581 3.83% 982 17-Jul 12 75,166 37,74,160 1,42,551 3.78% 970 18-Jul 13 63,382 38,37,542 1,43,376 3.74% 825 19-Jul 14 65,452 39,02,994 1,43,798 3.68% 422 20-Jul 15 63,080 39,66,074 1,44,338 3.64% 540 21-Jul 16 67,647 40,33,721 1,45,526 3.61% 1,188 22-Jul 17 72,140 41,05,861 1,46,759 3.57% 1,233 23-Jul 18 70,060 41,75,921 1,47,955 3.54% 1,196 24-Jul 19 78,586 42,54,507 1,49,121 3.51% 1,166 25-Jul 20 68,344 43,22,851 1,50,047 3.47% 926 26-Jul 21 56,721 43,79,572 1,50,509 3.44% 462 27-Jul 22 61,960 44,41,532 1,51,106 3.40% 597 28-Jul 23 65,209 45,06,741 1,52,436 3.38% 1,330 29-Jul 24 65,463 45,72,204 1,53,901 3.37% 1,465 30-Jul 25 68,745 46,40,949 1,55,751 3.36% 1,850 31-Jul 26 72,577 47,13,526 1,57,198 3.34% 1,447 01-Aug 27 58,674 47,72,200 1,58,233 3.32% 1,035 02-Aug 28 49,756 48,21,956 1,58,658 3.29% 425 03-Aug 29 48,769 48,70,725 1,59,262 3.27% 604 04-Aug 30 54,705 49,25,430 1,60,674 3.26% 1,412 05-Aug 31 55,205 49,80,635 1,62,007 3.25% 1,333 06-Aug 32 58,951 50,39,586 1,63,236 3.24% 1,229 07-Aug 33 63,470 51,03,056 1,64,569 3.22% 1,333 08-Aug 34 56,171 51,59,227 1,65,585 3.21% 1,016 09-Aug 35 48,028 52,07,255 1,66,113 3.19% 528 10-Aug 36 49,857 52,57,112 1,66,666 3.17% 553 11-Aug 37 54,576 53,11,688 1,68,167 3.17% 1,501 12-Aug 38 54,402 53,66,090 1,69,573 3.16% 1,406 13-Aug 39 54,797 54,20,887 1,70,878 3.15% 1,305 14-Aug 40 60,032 54,80,919 1,72,049 3.14% 1,171 15-Aug 41 53,580 55,34,499 1,73,157 3.13% 1,108 16-Aug 42 37,698 55,72,197 1,73,684 3.12% 527 17-Aug 43 40,576 56,12,773 1,74,255 3.10% 571 18-Aug 44 44,015 56,56,788 1,75,649 3.11% 1,394 19-Aug 45 44,973 57,01,761 1,76,933 3.10% 1,284 20-Aug 46 45,357 57,47,118 1,78,030 3.10% 1,097 21-Aug 47 50,481 57,97,599 1,79,200 3.09% 1,170 22-Aug 48 43,829 58,41,428 1,80,174 3.08% 974 23-Aug 49 32,718 58,74,146 1,80,604 3.07% 430
COVID-19 Case Infection Forecast (10 pts) -Use the COVID-19 case infection data (provided on sheet P8-Data in the excel template) to conduct a forecast analysis to determine the best exponential smoothing model to forecast COVID-19 Daily Case Infections. Analyze the 3 different exponential smoothing techniques (Simple, Holtz and Winters methods) on the data for forecast models. Use all of the daily case infection data (column c) from July 6th through August 23rd, for the analysis. Use the Historical Data (data from June 29th thru July 5th) to estimate the Smooth Trend and Seasonal Factors that are to be utilized in the Holtz and Winters Methods. For the Smooth Level initial value, (L1 for the simplex method, and L0 for the Holtz and Winters method), use the historical data of daily case infections from July 5th value which is 46,214 case infections.Estimate a Smooth Trend (To) value by taking the average trend from the historical data. Estimate the seasonal factors Si, using the historical data over the 7 day period. Formulate models for the 3 methods (exponential smoothing, holts and winters) and answer the following questions?
- What are the optimum alpha, beta and gamma values for the three different models?
- What is the minimum MAD values for each of the models?
- What is the August 24th forecast for daily case infections that day, from the three different models?
- Which of the 3 model provides the best estimation of forecast for daily case infections? Why?
- Show a graph of Actual versus forecast for each model
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
