TABLE S7.4 Births at Arnold Palmer Hospital YEAR BIRTHS 2000 8,655 2001 9,536 2002 9,825 2003 10,253 2004 10,555 2005 12,316 2006 13,070 2007 14,028 2008 14,241 2009 13,050 2010 12,571 2011 12,978 2012 13,529 2013 13,576 2014 13,994 2015 14,898 2016 14,600 2017 14,111

Exercise Torecast CIT ▷ Complete the table Month 1 2 3 4 5 6 Forecast demand 700 760 780 790 850 950 Actual demand 660 840 750 835 910 890 ▷ What is MAD? MAPE? TS? Deviation RSFE (Cumulative sum of forecast errors) MAD (Mean absolute deviation) APE (absolute % error) +

q1- Daily highs in Sacramento for the past week (from least to most recent) were: 95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a weighted moving average, with weights of .6, .3 and .1, where the highest weights are applied to the most recent dataq2- Consider the following demand and forecast. Period Demand Forecast 1 7 10 2 12 15 3 18 20 4 22 If MAD = 2, what is the forecast for period 4? Answer 21 22 23 none of the aboveq3- A normal distribution has a mean of 500 and a standard deviation of 50. A manager wants to simulate one value from this distribution, and has drawn the number 1.4 randomly. What is the simulated value?Q4- The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net revenues will vary with how well taxpayers comply with the new tax code. The following payoff table is given in thousands of dollars (e.g. 50 = $50,000). If he thinks the chances of low, medium, and high compliance are…

I need the answer A resort cum restaurant spot in the area of Gazipur is open on the days of the week. The manager hopes to improve resources availability and scheduling of part-time employees by forecasting visitors number in the next week. Data on visitors of recent 6 weeks at the spot has been tabulated and shown in the following table: Week Sat Sun Mon Tue Wed Thu Fri 1 203 71 65 57 61 105 290 2 191 70 59 58 62 98 278 3 228 76 68 62 65 124 311 4 212 72 64 59 63 111 299 5 215 73 66 59 64 113 304 6 205 72 60 61 59 109 295   Which is the best technique to forecast visitors in the spot? Explain.  Find forecasting equation or seasonal relatives.  3.Forecast expected numbers of visitors in the resort on week 7 and in the days of the week 7.

Describe three different forecasting applications at Hard Rock.Name three other areas in which you think Hard Rock could Juse forecasting models.

body de: A manager wants to choose one of two forecasting alternatives: moving average and exponential smoothing. Each alternative was tested using historical data. The resulting forecast errors for the two are shown in the table. Period (t) Forecasting Errors using Moving Average Forecasting Errors using Exponential Smoothing 1 3 4 2 3 -2 2 -3 3 4 2 -1 5 2 3 (a) Calculate MAD for Moving Average Method and Exponential Smoothing Method (b) Calculate MSE for Moving Average Method and Exponential Smoothing Method 6 4 5 (c) Based on Part (a) and Part (b), which forecasting method (Moving Average or Exponential Smoothing) should be used in this problem? Please explain your reasons.

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Getting mixed up with the correct formulas. TextBook shows different than on chegg

The table below shows the sales of widgets (in units) over the past 5 years. Using exponential smoothing with a smoothing constant of 0.2, what is the forecast for next year? The initial forecast (for 5 years ago) was 1,200 units. Forecast:  Time Sales 5 years ago 1,140 4 years ago 1,220 3 years ago 1,450 2 years ago 1,090 Last year 1,150   (Do not round intermediate calculations, round your final answer to the nearest whole number.)

What statistical analysis/treatment can I use to interpret or answer this problem? (I have datasets) 1. Determine the interest of tertiary-level students in personal health and fitness from four universities.