Trend-adjusted exponential smoothing model

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Reference no: EM132286357

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 19 for the three periods from 1 to 4, for an average of +6.33 units. Period Actual Period Actual 1 201 6 250 2 220 7 265 3 215 8 275 4 220 9 280 5 240 10 Use α=.40 and β=.05, and TAF of 240 for period 5. Obtain forecasts for periods 6 through 10. (Round your intermediate calculations and final answers to 2 decimal places.)

Reference no: EM132286357

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