Appropriate to predict future demand

Reference no: EM13821069

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 three periods from 1 to 4, for an average of +10 units.

Period	Actual	Period	Actual
1	211	6	260
2	227	7	262
3	224	8	270
4	241	9	294
5	257	10

Use α=.5 and β=.1, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10.

t Period	TAF_t
6
7
8
9
10

Reference no: EM13821069

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