The manager of a small health clinic would like to use exponential smoothing to

Question

The manager of a small health clinic would like to use exponential smoothing to forecast demand for emergency services in the facility. However, she is not sure whether to use a high or low value of ?. To make her decision, she would like to compare the forecast accuracy of a high and low ? on historical data. She has decided to use an ? = 0.7 for the high value and ? = 0.1 for the low value. For both alpha values, enter exponential smoothing forecasts for weeks 2-6, and calculate the MAD for each alpha value. (Round your answers to 1 decimal place, the tolerance is +/- 0.5) Initatilize the computations using the na

Explanation / Answer

the possible answer is : 0.10 2%

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