Question: Please I need an explained answer about the calculation or else please dont watse your time and copy the answer blindly from other sources cuase
Please I need an explained answer about the calculation or else please dont watse your time and copy the answer blindly from other sources cuase i WILL REJECT it
Exercise 6: (Lakeside Hospital, Moving Average & Expo Smoothing) (5 marks)
(Conversion from moving average) 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 I Demand
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24 I 78
25 I 65
26 I 90
27 I 71
28 I 80
29 I 101
30 I 84
31 I 60
32 I 73
33 I ?????
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