Question: Using the 911 call data in Problem 4.31, forecast calls for weeks 1 through 7 with a trend-adjusted exponential smoothing model. Assume an initial forecast
Using the 911 call data in Problem 4.31, forecast calls for weeks 1 through 7 with a trend-adjusted exponential smoothing model. Assume an initial forecast for 50 calls for week 1 and an initial trend of zero. Use smoothing constants of α= .30 and β= .20. Is this model better than that of Problem 4.31? What adjustment might be useful for further improvement? (Again, assume that actual calls in week 7 were 33.)
Data from problem 4.31
Emergency calls to the 911 system of Durham, North Carolina, for the past 6 weeks are shown in the following table:
WEEK CALLS 1 50 2 35 3 25 4 40 5 45 6 35
Step by Step Solution
3.32 Rating (155 Votes )
There are 3 Steps involved in it
The MAD 000 1500 1960 336 923 221 6 823 To evaluate the t... View full answer
Get step-by-step solutions from verified subject matter experts
