Question: QUESTION 4 (20 MARKS) The table provided presents the demand for heart transplants at Universitas Academic Hospital which has improved steadily over the past few

QUESTION 4 (20 MARKS) The table provided presents the demand for heart transplants at Universitas Academic Hospital which has improved steadily over the past few years:

Year 1 2 3 4 5 6

Heart Transplants 45 50 52 56 58 ?

The clinical manager predicted 6 years ago that demand in year 1 would be 41 surgeries.

4.1 Use the exponential smoothing with a smoothing constant of 0.6 to develop forecasts for years to 2 through to 6. (6 marks)

4.2 Use a 3-year moving average to forecast demand in years 4, 5, and 6. (4 marks)

4.3 Use the least squares trend equation forecast demand for period 6. (10 marks)

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