Course Solutions Uncategorized (Answered) : Problem 6 Manager Small Health Clinic Would Like Use Exponential Smoothing Forecast Demand Q33501516

(Answered) : Problem 6 Manager Small Health Clinic Would Like Use Exponential Smoothing Forecast Demand Q33501516

Problem 6 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 a. To make her decision, she would like to compare the forecast accuracy of a high and low a on historical data. She has decided to use an a = 0.7 for the high value and a- 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. 

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