Question: After plotting demand for three periods, an emergency room manager has concluded that a Holt model is appropriate to predict future mand. Use =0.5 and

After plotting demand for three periods, an emergency room manager has concluded that a Holt model is appropriate to predict future mand. Use =0.5 and =0.1 as a smoothing constant.

Period 1 2 3 4

Actual demand 210 224 240 250

Obtain the linear trend equation for the above data. ( Y = a + b X) (2 pts)

What is L1 ? (1 pt) What is T1 ? (1 pt)

What is the forecast for period 1? (1 pt)

What is L2 ? (1 pt)

What is T2 ? (1 pt)

What is the forecast for period 2? (1 pt)

Suppose L4 = 3 and T4 = 1, What is the forecast for period 10? (2 pts)

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