Question: PLEASE SHOW ALL WORK AND INCLUDE FINAL ANSWERS The manager of a small health clinic would like to use exponential smoothing to forecast demand for
PLEASE SHOW ALL WORK AND INCLUDE FINAL ANSWERS
The manager of a small health clinic would like to use exponential smoothing to forecast demand for laboratory services in the facility.
However, she is not sure whether to use a high or low value of a To make her decision, she would like to compare the forecast accuracy
of a high and low on historical data. She has decided to use an for the high value and for the low value. Given the
following historical data, which do you think would be better to use? Round intermediate calculations to decimal places, eg
Round answers to decimal place, eg
Forecasts using MAD
Forecasts using MAD
Using MAD or MAD
provides a better historical fit based on the MAD criterion?
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