Question: Problem 2 A regional hospital had the following number of patient admissions during the past 8 weeks: Week Patient Admissions 1 2 3 4 5

Problem 2 A regional hospital had the following number of patient admissions during the past 8 weeks: Week Patient Admissions 1 2 3 4 5 6 7 8 130 155 105 122140120 110 150 a. Develop a 3-week weighted average forecast for week 4 through 9 with weights of W, = 0.6, W, = 0.3 and W, = 0.1. b. Forecast patient admissions for week 9 using exponential smoothing with a = 0.25. Assume that the forecast for Week 4 (F) is the nave forecast. c. Use the MSE to determine which of the two forecasting methods is more accurate. c

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