Compute simple exponential smoothing forecast

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Reference no: EM131129025

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 α=.5. Assume the forecast for week 1 is 65.

Reference no: EM131129025

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Compute simple exponential smoothing forecast : 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 α=.5...

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