Question: Please Show Formula in Excel Data collected on patient days in a hospital over the past 12 months are shown in the following table. a)

Please Show Formula in Excel Data collected on

Please Show Formula in Excel

Data collected on patient days in a hospital over the past 12 months are shown in the following table. a) Using a weight of . 50 for the most recent observation, 30 for the second most recent, and 20 for third most recent, compute a three-month weighted moving average for the time series. Compute the MAD, MSE and MPE for this method.( six marks) b) Use exponential smoothing with a smoothing constant of 0.30 to forecast the patient days. Assume that last period's forecast for month I is equal to actual to begin the procedure. Which method do you think is best? Is this an improvement over the weighted average- use MAD only ( Six marks) c) Use regression analysis to estimate the line of best fit -use the manual method with the formulas shown below.f. eight marks)

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