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Patient arrivals at a diagnostic lab in Flint are given below. Each data point represents a working day, and gives the # of patients that
Patient arrivals at a diagnostic lab in Flint are given below. Each data point represents a working day, and gives the # of patients that came to the lab on that day. Use exponential forecasting with alpha = 0.15, to forecast the # of arrivals for the next working day.
Day | # of arrivals |
1 | 32 |
2 | 24 |
3 | 39 |
4 | 42 |
5 | 24 |
6 | 22 |
Note: Exponential smoothing requires an initial forecast to get started. Use a nave forecast for day 2 (i.e. F2, the forecast for Day 2, is simply the # of arrivals value for day 1).You can then proceed to use exponential smoothing.
Enter your answer rounded to 2 decimal places.
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