Forecasting. Lakeside Hospital has used a 9 month, moving average forecasting method to predict drug and...

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

Expert Solution

Exponential smoothing forecast for month 33 is 76

Calculation procedure and formulas:

orchestra answered 1 year ago

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Forecasting. Lakeside Hospital has used a 9 month, moving average forecasting method to predict drug and...

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