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AS you can see in the following table, the demand for heart transplant surgery at Washington General Hospital has decreased steadily in the past few...
1. AS you can see in the following table, the demand for heart transplant surgery at Washington General Hospital has decreased steadily in the past few years:
Year 1 2 3 4 5 6
Heart Transplants 60 58 56 52 50 40
a) Compute a 2-year moving average for years 3 thru 6.
b) Compute MAD.
c) How do you interpret your answer in part(b)?
2.
a) Using the data from problem 1, compute a 3-year weighted moving average for years 4 thru 6 in which heart transplant surgeries in the most recent year is given a weight of 6, and surgeries in the other two years are each given a weight of 3.
b) Compute the MAPE.
c) How do you interpret the answer in part(b)?
