Question: Part b . This part includes 3 calculation questions regarding Chapter 4 Forecasting. Show your steps to earn full credit. Note: You can either type
Part b This part includes calculation questions regarding Chapter Forecasting. Show your steps to earn full credit. Note: You can either type your answer in this word file, or you can print it out, work on it and scan the file back in Im fine with either option, and whatever the option you choose, it should be the second file you turn in for this assignment.
As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years:
The director of medical services predicted years ago that demand in year would be surgeries.
a Use a year moving average to forecast demand in years and
b Use a year weighted moving average, with weights of and using for the most recent year. Forecast demand for the year and
c Compute the forecast for the Year using exponential smoothing with a forecast for Year is and a
d Use the trendprojection method to forecast demand in years through
e With MAD as the criterion, which forecasting method is better?
please answer all questions ae show work.
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