Utilizing exponential smoothing constant for different value

Assignment Help Basic Statistics

Reference no: EM1316057

Forecast the number of deliveries using Exponential smoothing constant for different values and compare it.
A hospital records the number of floral deliveries its patients receive each day. For a two week period, the records show

15, 27, 26, 24, 18, 21, 26, 19, 15, 28, 25, 26, 17, 23

a. use exponential smoothing with a smoothing constant of .4 to forecast the number of deliveries.

b. repeat using a smoothing constant of .5

c. compare the forecasts using MSE

Reference no: EM1316057

Questions Cloud

Word problems on exponential function : Word problems on exponential function

Finding expected value based on probability values : How would the General Counsel's decision in Part (b) change if the cost of selling the second suit were only $200,000? What if the cost were $900000?

Solve the questions on organizational management : Solve the questions on organizational management and Net operating income is income after interest and taxes

Determine 5-year annually compounded growth rate of dividend : Determine a 5-year annually compounded growth rate of dividends per share for MCD. Does the recent growth in MCD dividends conform closely to the model used in Question 3? Does the disparity raise questions in your mind about the growth assumption..

Utilizing exponential smoothing constant for different value : Forecast the number of deliveries utilizing exponential smoothing constant for different values also compare it. A hospital records the number of floral deliveries its patients receive every day.

Probability and probability table : Use this information to construct a probability table, and then calculate each of the following probabilities: P(foreign car)

Word problems on quadratic equations : Word problems on quadratic equations

Valuation of stock through dividend model : Valuation of stock through dividend model - Using Yahoo!Finance, what is MCD's current annualized dividend amount? When was its last quarterly dividend paid?

Student population has remained constant during this period : Develop an appropriate forecast model for the given problem whereas the student population has remained constant during this period.

User Account

All Pages