Emergency calls to Winter Park, Floridas 911 systems for the past 24 weeks are as follows: (a)
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(a) Compute the exponentially smoothed forecast of calls for each week. Assume an initial forecast of 50 calls in the first week and use É = 0.1. What is the forecast for the 25th week?
(b) Reforecast each period using É = 0.6.
(c) Actual calls during the 25th week were 85. Which smoothing constant provides a superiorforecast?
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Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
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