Smoothing model is appropriate to predict future demand

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After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of trend is based on the net change of 30 for the 3 periods from 1 to 4, for an average of +10 units. Use a=.5 and B=.4 and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10. After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of trend is based on the net change of 30 for the 3 periods from 1 to 4, for an average of +10 units. Use a=.5 and B=.4 and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10. Period Actual 1 210 2 224 3 229 4 240 5 255 6 265 7 272 8 285 9 294 10

Reference no: EM13967044

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