Using the figures in Table 1, forecast the number of surgeries in year 9 using a 3-year moving average and exponential smoothing using an alpha of 0.20and assuming that the forecast for period 8 is 750 Orange Grove Veterinary ClinicOrange Grove Veterinary Clinic is located in the small suburban town of Orange Grove. It isowned and operated by the award-winning veterinarian Dr. Lewis Collins. This clinic employs 10other skillful veterinarians full time and 4 full time veterinary technicians. Opening hours areMonday to Friday 8am to 5pm and on Saturday 8am to 12pm. Orange Grove Veterinary Clinic istargeted to provide veterinary services to the residents of Orange Grove and the rapidlygrowing neighboring communities. This clinic has been in operation for over 10 years now. Itprovides services such as pet supplies, day care services, vaccination and surgery. OrangeVeterinary Clinic has gained the trust of multiple international businesses whereby manypartnerships were established throughout the 5 years of operation. Orange Grove VeterinaryClinic has identified three direct competitors that are located within its vicinity. Its aim is tostand out from these competitors and to position itself as the best option for quality veterinaryservices.Due to the desire for expanding the business and a new building, it is vital for Orange Grove tomaximize sales in advance of this move. Consequently, Orange Grove Veterinary Clinic hasdecided to add a few services to its list of services: grooming, pharmacy and home services.The operations manager is faced with a number of issues and decisions that must be taken inorder to make the operation more efficient and effective. One such decision is process andcapacity design. In this area, he must decide the amount and type of technology that should beused. Currently, the clinic is using ultrasound and MRI technology to help with its operations.The number of surgeries done at the clinic per year will help to determine the extent to whichtechnology will be utilized. The table below gives the number of surgeries that were done overthe last 8 years.Table 1YearNoofSurgeries done12602390342548055306.6007680725The Operations Manager decides to use these figures to predict the number of surgeries thatwill be done in the next few years.

Question

Accepted Answer

for the given data

α = 0.20
forecast for period 8 is 750
 
To determine 
Forecast the number of…