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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