After plotting demand for four periods, an emergency room manager has concluded that a trendadjusted exponential smoothing model is appropriate to predict future demand. The initial estimate oftrend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units.Use α = .5 and β = .4, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10.Period Actual Period Actual1 210 6 2652 224 7 2723 229 8 2854 240 9 2945 255 10
After plotting demand for four periods, an emergency room manager has concluded that a trendadjusted exponential smoothing model is appropriate to predict future demand. The initial estimate oftrend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units.Use α = .5 and β = .4, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10.Period Actual Period Actual1 210 6 2652 224 7 2723 229 8 2854 240 9 2945 255 10
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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After plotting demand for four periods, an emergency room manager has concluded that a trendadjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of
trend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units.
Use α = .5 and β = .4, and TAF of 250 for period 5. Obtain
Period Actual Period Actual
1 210 6 265
2 224 7 272
3 229 8 285
4 240 9 294
5 255 10
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