As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: 2 3 4 5 48.0 53.0 57.0 58.0 Year 1 Heart Transplants 45.0 The director of medical services predicted 6 years ago that demand in year 1 would be 41.0 surgeries. a) Using exponential smoothing with a of 0.60 and the given forecast for year 1, the forecasts for years 2 through 6 are (round your responses to one decimal place): Year Forecast 1 41.0 2 3 4 5 6

As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: 2 3 4 5 48.0 53.0 57.0 58.0 Year 1 Heart Transplants 45.0 The director of medical services predicted 6 years ago that demand in year 1 would be 41.0 surgeries. a) Using exponential smoothing with a of 0.60 and the given forecast for year 1, the forecasts for years 2 through 6 are (round your responses to one decimal place): Year Forecast 1 41.0 2 3 4 5 6

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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