Question: Save 3 Homework: Ch 8 HW Question 4, Problem 12 HW Score: 0%, 0 of 4 points Part 1013 O Points: 0 of 1 Next

Save 3 Homework: Ch 8 HW Question 4, Problem 12
Save 3 Homework: Ch 8 HW Question 4, Problem 12 HW Score: 0%, 0 of 4 points Part 1013 O Points: 0 of 1 Next question The number of heart surgeries performed at Heartvile General Hospital has increased steadily over the past several years. The hospitals administrations soking the best method to forecast the demand for such surgeries in year 6. The data for the past five years are shown below Year 4 46 3 5 Demand 53 62 The hospital's administration is considering the following forecasting methods. Begin error measurement in year 2. so al methods are compared for the same years 1. Exponential smoothing, with a *0.6. Let the initial forecast for year 1 be 41. the same as the actual demand. Il Exponential smoothing, with 0.9. Let the initial forecast for year 1 be 41, the same as the actual demand III. Trend projection with regression iv. Two-year moving average v. Two-year weighted moving average, using weights 0.6 and 0A, with the more recent data given more weight I MAD is the performance criterion chosen by the administration, which forecasting method should choose

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