Question
A city in South Florida is tracking traffic accident data during its peak season for tourism. View the following chart to see these dismal numbers.
A city in South Florida is tracking traffic accident data during its peak season for tourism. View the following chart to see these dismal numbers.
Week | Traffic Accidents |
---|---|
1 | 19 |
2 | 24 |
3 | 27 |
4 | 20 |
5 | 29 |
6 | 31 |
7 | 21 |
8 | 26 |
9 | 28 |
Based on the table provided, what is the three-week moving average forecast for week 10? The four-week moving average forecast for week 10? Assume a smoothing parameter of .1 and a forecasted amount of accidents for week 9 was 24. What is the exponential smoothing forecast for week 10? Historically, the second week of the peak tourist season has some of the highest amounts of traffic accidents as travelers come into the area. The forecast for week 2 was originally 35. Assuming a .5 smoothing parameter, what was the forecast for week 3 (before we knew the actual demand)?
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