Suppose you have the following information from a forecastin…

Suppose you have the following information from a forecasting software package. There are three seasons (terms) each year, and the demand data shown below are for the last 2 academic years (Fall, Spring, and Summer of each year).  You are now sitting at the end of period 9, which is the last term of the third year.  (Note:  The best-fit line equation shown below was made up by me; it may not actually be the true equation if you were to do an analysis of this data.) Demand = 310 + 10 (time)   What would be the forecast for the Spring term of 2024, if you didn’t care about adjusting for any seasonality?

Suppose the following had been computed for a set of past fo…

Suppose the following had been computed for a set of past forecasts. If the “one-number forecast” for next period was 1000, what are the lowest and highest demands that we can possibly expect for next period, using a 99.7% confidence level? MSE = 126               MAPE = 21              Tracking Signal = +5                  MAD = 8 Which of the following would be true about the forecasting method being used?    I.  the method tends to over-forecast   II.  the method misses by 126 units on average  III.  the method has been missing by an average of 8%

Suppose your actual demand and your forecasts for the last 3…

Suppose your actual demand and your forecasts for the last 3 months were as follows.  You are now at the end of period 3.  Period       Demand       Forecast 1                 100                  90 2                 120                100 3                 115                120 Compute the RSFE at the end of period 3.

For the next 3 questions, consider a situation where quarter…

For the next 3 questions, consider a situation where quarterly demand figures for the last 5 years (i.e., 20 periods of data) have been used by a software package to generate the information shown below.   You are now sitting at the end of the 20th quarter. Demand = 1416 + 32 (time)   What would be the forecast accounting for base, trend, and seasonality, for time period 23?  Round to the closest integer if necessary.

How can the COTA demonstrate to the OTR that he/she is compe…

How can the COTA demonstrate to the OTR that he/she is competent to perform a standardized assessment or a procedure?                                                                            B.5.8

Explain how the COTA uses outcome measures and the review of…

Explain how the COTA uses outcome measures and the review of progress and goals to recommend termination of OT services.                                                                        B.4.22   Full marks: Accurately explains the COTA’s use of measures for determination of progress and goals. 3-5 sentences.