Business, 17.06.2021 17:00 anthonyfr10004
The manager of a small health clinic would like to use exponential smoothing to forecast demand for emergency services in their facility. If she uses an alpha value of 0.3, what is the mean absolute deviation and tracking signal of her forecasts from Weeks 2-6? Calculate thoroughly using excel and round to one decimal place (Assume that the forecast for Week 1 is 430) the data are provided below. Based on the Tracking Signal are you over or underforecasting? Week Demand in Patients Forecasted Demand 1 430 430 2 255 430 3 506 377.5 4 470 416.05 5 468 432.235 6 365 442.9645 A. MAD=94.236, TS=-0.36875, Overforecasting B. MAD=94.236, TS= 0.36875, Underforecasting C. MAD= 130.12, TS= 2.9711, Underforecasting D. MAD= -6.95, TS = 5, Underforecasting E. MAD= -6.95, TS=5, Overforecasting
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