-- • 4.13 As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: YEAR 4. 9. HEART TRANSPLANTS 45 50 52 56 58 The director of medical services predicted 6 years ago that demand in year 1 would be 41 surgeries. 5.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter7: Matrices And Determinants
Section7.2: Operations With Matrices
Problem 12ECP
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.. 4.13
As you can see in the following table, demand for
heart transplant surgery at Washington General Hospital has
increased steadily in the past few years.
YEAR
3.
4.
9.
HEART TRANSPLANTS
45
50
52
56
58
The director of medical services predicted 6 years ago that
demand in year 1 would be 41 surgeries.
P.
Transcribed Image Text:.. 4.13 As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years. YEAR 3. 4. 9. HEART TRANSPLANTS 45 50 52 56 58 The director of medical services predicted 6 years ago that demand in year 1 would be 41 surgeries. P.
a) Use exponential smoothing, first with a smoothing constant
of .6 and then with one of .9, to develop forecasts for years 2
through 6.
b) Use a 3-year moving average to forecast demand in years 4, 5,
and 6.
c) Use the trend-projection method to forecast demand in years 1
through 6.
d) With MAD as the criterion, which of the four forecasting
methods is best?X
Transcribed Image Text:a) Use exponential smoothing, first with a smoothing constant of .6 and then with one of .9, to develop forecasts for years 2 through 6. b) Use a 3-year moving average to forecast demand in years 4, 5, and 6. c) Use the trend-projection method to forecast demand in years 1 through 6. d) With MAD as the criterion, which of the four forecasting methods is best?X
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