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Problem 3-10 (Algo) After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict
Problem 3-10 (Algo)
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 19 for the three periods from 1 to 4, for an average of +6.33 units.
Period | Actual | Period | Actual |
1 | 206 | 6 | 255 |
2 | 225 | 7 | 270 |
3 | 220 | 8 | 280 |
4 | 225 | 9 | 285 |
5 | 245 | 10 | |
Click here for the Excel Data File
Use =0.60 and =0.15, and TAF of 245 for period 5. Obtain forecasts for periods 6 through 10. (Round your intermediate calculations and final answers to 2 decimal places.)
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 19 for the three periods from 1 to 4 , for an average of +6.33 units. Click here for the Excel Data File Use =0.60 and =0.15, and TAF of 245 for period 5 . Obtain forecasts for periods 6 through 10. (Round your intermediate calculations and final answers to 2 decimal places.)
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