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14 Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below: Day Bicycle Victims 1 8 2 14 3 8 4 14 5 18 6 15 With an alpha value of 0.31 and a starting forecast in day 3 equal to the 21 , what is the exponentially smoothed forecast for day 4? (Round to two decimal places) 15

14 Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below: Day Bicycle Victims 1 8 2 14 3 8 4 14 5 18 6 15 With an alpha value of 0.31 and a starting forecast in day 3 equal to the 21 , what is the exponentially smoothed forecast for day 4? (Round to two decimal places) 15

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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14

Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below:

 

Day                  Bicycle Victims

1                                  8

2                                  14

3                                  8

4                                  14

5                                  18

6                                  15

 

With an alpha value of 0.31  and a starting forecast in day 3 equal to the 21 , what is the exponentially smoothed forecast for day 4?  (Round  to two decimal places) 

15

What is the exponentially smoothed forecast for day 5?     (Round  to two decimal places)

16

 

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