Question: in this question how did you tale Alpha value 0.25 Forecasting. Lakeside Hospital has used a 9 month, moving average forecasting method to predict drug
in this question how did you tale Alpha value 0.25
Forecasting.
Lakeside Hospital has used a 9 month, moving average forecasting method to predict drug and surgical dressing inventory requirements. The actual demand for one item is as shown in table 4 -18. Using the previous moving average data, convert to an exponential smoothing forecast for month 33.
| Month | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |
| Demand | 78 | 65 | 90 | 71 | 80 | 101 | 84 | 60 | 73 |
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