For both alpha values enter exponential smoothing forecasts

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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 α. To make her decision, she would like to compare the forecast accuracy of a high and low α on historical data. She has decided to use an α = 0.7 for the high value and α = 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 answers to 1 decimal place, e.g. 15.2) Initatilize the computations using the naïve method.

Reference no: EM131128340

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