OPERATIONS MANAGEMENT
OPERATIONS MANAGEMENT
2nd Edition
ISBN: 9781260238877
Author: CACHON
Publisher: RENT MCG
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Chapter 15, Problem 4PA

A police station had to deploy police officers for emergencies multiple times the last four evenings. The numbers of emergencies for Monday, Tuesday, Wednesday, and Thursday were 7, 4, 8, and 11, respectively. What would be the station’s forecast for Friday using an exponential smoothing forecasting approach? Use α = 0.3 and a forecast for Monday of 9.

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Single Exponential Smoothing & Weighted Moving Average Time Series Forecasting; Author: Matt Macarty;https://www.youtube.com/watch?v=IjETktmL4Kg;License: Standard YouTube License, CC-BY
Introduction to Forecasting - with Examples; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=98K7AG32qv8;License: Standard Youtube License