Question: You are given the following tables data, compute mean absolute deviation (MAD) for week 5 until week 6 based on two forecasting methods, (i) weighted
You are given the following tables data, compute mean absolute deviation (MAD) for week 5 until week 6 based on two forecasting methods, (i) weighted moving average and (ii) exponential smoothing alpha value=0.4 if forecast for week 3 is 350 patient arrivals. Which forecasting method is better? (12 marks)
| Week | Patient arrival. |
| 1 | 401 |
| 2 | 380 |
| 3 | 410 |
| 4 | 384 |
| 5 | 500 |
| 6 | 350 |
Table 1: Actual Number of Arrival of a Hospital.
| Time Period | Weight. |
| 1 | 50% |
| 2 | 20% |
| 3 | 20% |
| 4 | 10% |
Table 2: Weight Assigned for Different Time Period.
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