After plotting demand for four periods, an emergency room manager has concluded that a trendadjusted exponential smoothing
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After plotting demand for four periods, an emergency room manager has concluded that a trendadjusted 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. Use α = .5 and β = .4, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10.
Period Actual Period Actual 1 210 6 265 2 224 7 272 3 229 8 285 4 240 9 294 5 255 10
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