need part B.

+ Ch 8 Homework - Forecasting .../1 III Question 5 of 9 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. To make her decision, she would like to compare the forecast accuracy of a high and low on historical data. She has decided to use an a=0.7 for the high value and a 0.1 for the low value. (a) Your answer has been saved, See score details after the due date. Given the following historical data, which do you think would be better to use? (Round answers to 2 decimal place, c.8.15.25) Demand Week [lab requirements) 1 342 2 351 3 319 375 373 359 4 5 6 Ch 8 Homework - Forecasting .../1 Question 5 of 9 Given the following historical data, which do you think would be better to use? (Round answers to 2 decimal place, eg, 15.25) Week 1 2 Demand (lab requirements) 342 351 319 375 373 359 3 4 5 6 Forecasts using a -0.1, MAD 18.09 Forecasts using a 0.7. MAD 18.00 Using 0-07 v provides a better historical fit based on the MAD criterion e Textbook and Media Homework - Forecasting ... /1 E (b) The manager of the health clinic would also 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 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=0.6 for the high value and a = 0.2 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 2 decimal place, e.g. 15.25.) Initatilize the computations using the naive method Demand Week (in patients serviced) 1 2 297 342 425 5 518 398 400 3 4 6 h 8 Homework - Forecasting Question 5 of 9 .../1 Exponential Smoothing Forecasts a 0.2 a = 0.6 Week Demand 1 400 2 297 3 342 4 425 5 518 6 398 MAD la) which value of a do you think would be better to use? It would be better to use a assessment.education.wiley.com Ch 8 Homework - Forecasting .../1 Question 5 of 9 > 5 518 6 398 MAD (a) which value of a do you think would be better to use? it would be better to use a (b) is your answer the same as in part above? The answer is e Textbook and Media Save for Later Attempts: 0 of 1 used Submit