What is the MAD?
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Demand for patient surgery at Washington General Hospital has increased steadily in the past few years, as seen in the following table:
YEAR | OUTPATIENT SURGERIES PERFORMED |
1 | 45 |
2 | 50 |
3 | 52 |
4 | 56 |
5 | 58 |
6 | — |
The director of medical services predicted six years ago that demand in year 1 would be 42 surgeries. Using exponential smoothing with a weight of a=0.20, develop forecasts for years 2 through 6. What is the MAD?
10 years ago
What is the MAD?
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