The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year​ follows:                                                                    Week Actual No. of Patients 1 85 2 88 3 96 4 80 5 84 6 93 Clinic administrator Dana Schniederjans wants you to forecast patient numbers at the clinic for week 7 by using this data. You decide to use a weighted moving average method to find this forecast. Your method uses four actual demand​ levels, with weights of 0.500 on the present​ period, 0.250 one period​ ago, 0.125 two periods​ ago, and 0.125 three periods ago. Part 2 ​a) What is the value of your​ forecast? The value of the forecast is _________patients ​(round your response to two decimal​ places). c) The mean absolute deviation based on a​ 2-day moving average​ = _______ degrees ​(round your response to one decimal​ place). d)The mean squared error based on a​ 2-day moving average​ of =_____ degrees 2​(round your response to one decimal​ place). e) ​The mean absolute percent error( MAPE) based on a​ 2-day moving average​ = _________ % ​(round your response to one decimal​ place).

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 25P: The file P13_25.xlsx contains the quarterly numbers of applications for home mortgage loans at a...
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2. 

The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year​ follows:
 
                                                                    
Week
Actual No. of Patients
1
85
2
88
3
96
4
80
5
84
6
93
 
Clinic administrator Dana Schniederjans wants you to forecast patient numbers at the clinic for week 7 by using this data. You decide to use a weighted moving average method to find this forecast. Your method uses four actual demand​ levels, with weights of
0.500
on the present​ period,
0.250
one period​ ago,
0.125
two periods​ ago, and
0.125
three periods ago.
Part 2
​a) What is the value of your​ forecast?
 
The value of the forecast is _________patients ​(round your response to two decimal​ places).
c) The mean absolute deviation based on a​ 2-day moving average​ = _______ degrees ​(round your response to one decimal​ place).
d)The mean squared error based on a​ 2-day moving average​ of =_____ degrees 2​(round your response to one decimal​ place).
e) ​The mean absolute percent error( MAPE) based on a​ 2-day moving average​ = _________ % ​(round your response to one decimal​ place).
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