Question: The data for a given hospital visit in weeks is shown by the table below, answer the following questions: 1 2 3 4 5 6

The data for a given hospital visit in weeks is shown by the table below, answer the following questions:

1

2

3

4

5

6

7

8

70

73

65

62

80

74

69

78

What is the forecast for week 9 using a 3-week weighted moving average with weights 0.5, 0.3 and 0.2 (NB: the largest weight is assigned to figure 78, i.e. forecast for week 8)?

approximately 75 patients

74 patients

approximately 73 patients

approximately 72 patients

What is the forecast for week 9 using an exponential smoothing forecast with an alpha equal to 0.3? (Assume a first-period forecast equal to the actual value for Period 1.)?

approximately 95 patients

94 patients

approximately 98 patients

none of the above

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