The manager of the health clinic in Problem 5 would also like to use exponential smoothing to

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The manager of the health clinic in Problem 5 would also like to use exponential smoothing to forecast demand for emergency services in the facility. As in Problem 5, 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. Again, she has decided to use an α = 0.7 for the high value and α = 0.1 for the low value.
(a) Given the following historical data, which value of α do you think would be better to use?
(b) Is your answer the same as in Problem 5? Why or whynot?
The manager of the health clinic in Problem 5 would
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Operations Management

ISBN: 978-0470325049

4th edition

Authors: R. Dan Reid, Nada R. Sanders

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