A police station had to deploy a police officer for an emergency multiple times in the last four evenings. The table below shows the number of emergencies each evening. (Round your answers to 3 decimal places.) Forecast for Weekday Number of calls each day tomorrow (calls) 9. Monday Tuesday Wednesday Thursday 9. 12 Complete the "Forecast for tomorrow" column in the table above. Use an exponential a. smoothing forecasting approach, with a=0.3 and a forecast for Monday of 9. (Round your answer to 3 decimal places.) What would be their forecast for Friday using the same b. exponential smoothing forecasting approach?
A police station had to deploy a police officer for an emergency multiple times in the last four evenings. The table below shows the number of emergencies each evening. (Round your answers to 3 decimal places.) Forecast for Weekday Number of calls each day tomorrow (calls) 9. Monday Tuesday Wednesday Thursday 9. 12 Complete the "Forecast for tomorrow" column in the table above. Use an exponential a. smoothing forecasting approach, with a=0.3 and a forecast for Monday of 9. (Round your answer to 3 decimal places.) What would be their forecast for Friday using the same b. exponential smoothing forecasting approach?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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