Question: Exercise 2: Single Exponential Smoothing (6 points) Forecast 15908 #Below is the actual admission data for St. Joseph Hospital Time Period Actual Admissions 1 15908

Exercise 2: Single Exponential Smoothing (6

Exercise 2: Single Exponential Smoothing (6 points) Forecast 15908 #Below is the actual admission data for St. Joseph Hospital Time Period Actual Admissions 1 15908 2 15504 3 14888 4 13174 5 12022 6 ??? a. Using exponential smoothing with a=0.6, forecast the number of admissions for time period 6. b. Using exponential smoothing with a=0.05, forecast the number of admissions for time period 6. c. Based on the MAD calculations, which value of the smoothing factor (a=0.6 or a=0.05) would you recommend the healthcare manager uses in the future for planning

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