Trinity General Hospital had the following number of patient admissions during the past 8 weeks Week Patient Admissions 1 120 2 145 3 95 4 112 5 130 6 110 7 100 8 140 a. Develop a 3-week weighted average forecast for Week 4 through 9 with weights W1 = 0.2 W2 = 0.3 W3 = 0.5 b. Forecast patient admissions for week 9 using simple exponential smoothing with α = 0.2. Assume that the forecast for Week 2 (F2) is the naïve forecast.
4 Trinity General Hospital had the following number of
patient admissions during the past 8 weeks
Week Patient
Admissions
1 120
2 145
3 95
4 112
5 130
6 110
7 100
8 140
a. Develop a 3-week weighted average
Week 4 through 9 with weights
W1 = 0.2
W2 = 0.3
W3 = 0.5
b. Forecast patient admissions for week 9 using simple
exponential smoothing with α = 0.2. Assume that the
forecast for Week 2 (F2) is the naïve forecast.
Step by step
Solved in 3 steps with 3 images