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What is the mad for the 3-period moving average

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Reference no: EM133053931

Problem:

Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below:

Day Bicycle Victims

1 10
2 12
3 22
4 28
5 16
6 24

Question 1. What is the forecast for day 4 using a 3-period moving average model?

Question 2. What is the forecast for day 5 using a 3-period moving average model?

Question 3. What is the forecast for day 6 using a 3-period moving average model?

Question 4. What is the MAD for the 3-period moving average forecasts for days 4 through 6?

Question 5. With an alpha value of 0.37 and a starting forecast in day 3 equal to the 18 , what is the exponentially smoothed forecast for day 4?

Question 6. What is the exponentially smoothed forecast for day 5?

Question 7. What is the exponentially smoothed forecast for day 6?

Question 8. What is the MAD for the exponentially smoothed forecasts for days 4 through 6 using alpha=0.37?

Question 9. What is the MSE for the exponentially smoothed forecasts for days 4 through 6 with alpha=0.37?

Reference no: EM133053931

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