Compute a simple exponential smoothing forecast for week 7

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Reference no: EM13254636

The actual demand for the patients at Omaha Emergency Medical Clinic for the first six weeks of this year are as follows:

Week Actual # of Patients
1 65
2 62
3 70
4 48
5 63
6 52

a) Compute a simple exponential smoothing forecast for week 7 with a=.4. Assume the forecast for week 1 is 60.

 

Reference no: EM13254636

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