Compute the exponentially smoothed forecast of calls

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Reference no: EM132222233

The course is Quantitive Research Methods and the book is Quantitive Analysis for Management (12 ed.) (Render, Stair, Jr., Hanna, & Hale, 2015). Boston, MA: Pearson.

Emergency calls to Winter Park, Florida’s 911 system, for the past 24 weeks are as follows:

Week Calls Week Calls Week Calls

1 50 9 35 17 55

2 35 10 20 18 40

3 25 11 15 19 35

4 40 12 40 20 60

5 45 13 55 21 75

6 35 14 35 22 50

7 20 15 25 23 40

8 30 16 55 24 65

(a) Compute the exponentially smoothed forecast of calls for each week. Assume an initial forecast of 50 calls in the first week and use a = 0.1. What is the forecast for the 25th week?

(b) Reforecast each period using a = 0.6.

Reference no: EM132222233

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