Question: After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. The
After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of trend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units.
Period Actual Period Actual
1 204 6 266
2 227 7 271
3 229 8 274
4 234 9 299
5 256 10
Use =.5 and =.1, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10.(Round your intermediate calculations and final answers to 2 decimal places.)
t Period TAFt
6 __________
7 __________
8 ____________
9 _____________
10 _____________
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