Example! Emergency call to the fire department over the past 15 weeks are the following: 20, 27, 25, 22, 18, 21, 26, 19, 16, 28, 25, 26, 17, 23, 27 Use exponential smoothing with a smoothing constant of 0.5 to forecast the number of the calls for the next week. Solution: Week No, of Calls (At) Forecast (Actual time] (Ft) 20 27 3. 25 4 22 5. 18 6. 21 7 26 8. 19 6. 16 10 28 11 25 12 26 13 17 14 23 15 27 Find F16
Example! Emergency call to the fire department over the past 15 weeks are the following: 20, 27, 25, 22, 18, 21, 26, 19, 16, 28, 25, 26, 17, 23, 27 Use exponential smoothing with a smoothing constant of 0.5 to forecast the number of the calls for the next week. Solution: Week No, of Calls (At) Forecast (Actual time] (Ft) 20 27 3. 25 4 22 5. 18 6. 21 7 26 8. 19 6. 16 10 28 11 25 12 26 13 17 14 23 15 27 Find F16
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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![Example:
Emergency call to the fire department over the past 15 weeks are the following:
20, 27, 25, 22, 18, 21, 26, 19, 16, 28, 25, 26, 17, 23, 27
Use exponential smoothing with a smoothing constant of 0.5 to forecast the
number of the calls for the next week.
Solution:
No, of Calls (At) Forecast
(Actual time]
Week
(Ft)
20
2
27
3.
25
22
18
21
7
26
8.
19
6.
16
10
28
11
25
12
26
13
17
14
23
15
27
Find F16.
Ft-1 + a(At-1- Ft-1)
%3D
|
Forecast = previous forecast + a(Actual previous period - previous forecast)
Put F1 =
A1 = 20
%3D
F2 = F, + a(A, - F,)
= 20 +0.5(20-20)
= 20
F3 = 23.5
%3D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ae36971-98ec-40ae-9e1c-c27ee2a7052c%2Fbf321304-8370-4676-b7a9-d50a6c7ebe35%2Fhgogdtb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Example:
Emergency call to the fire department over the past 15 weeks are the following:
20, 27, 25, 22, 18, 21, 26, 19, 16, 28, 25, 26, 17, 23, 27
Use exponential smoothing with a smoothing constant of 0.5 to forecast the
number of the calls for the next week.
Solution:
No, of Calls (At) Forecast
(Actual time]
Week
(Ft)
20
2
27
3.
25
22
18
21
7
26
8.
19
6.
16
10
28
11
25
12
26
13
17
14
23
15
27
Find F16.
Ft-1 + a(At-1- Ft-1)
%3D
|
Forecast = previous forecast + a(Actual previous period - previous forecast)
Put F1 =
A1 = 20
%3D
F2 = F, + a(A, - F,)
= 20 +0.5(20-20)
= 20
F3 = 23.5
%3D
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