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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 29 for the three periods from 1 to 4, for an average of +9.67 units.
Period | Actual | Period | Actual |
1 | 205 | 6 | 264 |
2 | 234 | 7 | 279 |
3 | 229 | 8 | 289 |
4 | 234 | 9 | 294 |
5 | 254 | 10 | |
Use =.60 and =.15, 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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