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Current Attempt in Progress The manager of a small health clinic would like to use exponential smoothing to forecast demand for laboratory services in the

Current Attempt in Progress
The manager of a small health clinic would like to use exponential smoothing to forecast demand for laboratory 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. Given the
following historical data, which do you think would be better to use? (Round intermediate calculations to 4 decimal places, e.g.
15.2516. Round answers to 2 decimal place, e.g.15.25.)
Forecasts using a=0.1,MAD
Forecasts using =0.7,MAD
Using
provides a better historical fit based on the MAD criterion.
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