Question: This assignment has two parts. Given the following data, use exponential smoothing (=0.2) to develop demand forecasts (periods 2-4). Assume the forecast for the initial
This assignment has two parts. Given the following data, use exponential smoothing (=0.2) to develop demand forecasts (periods 2-4). Assume the forecast for the initial period (period 1) is 5 . Hint: review the section on Exponential Smoothing in the slides and/or textbook chapter 10, especially Table 10.4. Here is the data on the number of dog bites seen in the emergency department (ED) each season for the past 4 years. Apply the Least Square Regression model studied in class to forecast demand for the four seasons of the upcoming year (2022)
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