Compute the exponentially smoothed forecast of calls

Assignment Help Operation Management
Reference no: EM131367895

Emergency calls to Winter Park, Florida’s 911 system, for the past 24 weeks are as follows: Week Number of Calls (100s) 1 50 2 35 3 25 4 40 5 45 6 35 7 20 8 30 9 36 10 20 11 15 12 40 13 55 14 35 15 25 16 55 17 55 18 40 19 35 20 60 21 75 22 50 23 40 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 α=0.1. What is the forecast for the 25th week? b.Reforecast each period using  α=0.6. c.Actual calls during the 25th week were 85. Which smoothing constant provides a superior forecast? d.Reforecast each period using a 3-period moving average. e.Which forecast, of the three that you have calculated, would you recommend, given the data? why f.How would the forecast for week 25 change if the initial forecast was 40 instead of 50? How would the forecast for week 25 change if the forecast for week 1 were assumed to be 60? ( use α=0.1 )

Reference no: EM131367895

Questions Cloud

Which items would you avoid using in the news release : The key in crafting a news release is selecting the most salient facts to promote the new Raina $2 million pollution abatement program. To write an effective announcement of the program, students must adopt the perspective of Raina management. If you..
Arrogant alex learns humility : Alex Rodriguez was one of the most gifted baseball players of all time. First drafted first by the Seattle Mariners in 1993, he soon became one of the highest paid players in Major League history—until it all came crumbling down in 2014. What were th..
What is to be produced and when is spelt out in : In 1913, Henry Ford developed an approach to car assembly that involved a chassis moving down an assembly line on a conveyor belt. A small team of workers would move with the car, fitting the various components that had been carefully set out along t..
Population affects the amount of natural renewable : How do you think that the world population affects the amount of natural renewable and non renewal resources that we have and use? Provide at least 3 different examples to illustrate the effects.
Compute the exponentially smoothed forecast of calls : Emergency calls to Winter Park, Florida’s 911 system, for the past 24 weeks are as follows: Week Number of Calls (100s) 1 50 2 35 3 25 4 40 5 45 6 35 7 20 8 30 9 36 10 20 11 15 12 40 13 55 14 35 15 25 16 55 17 55 18 40 19 35 20 60 21 75 22 50 23 40 2..
Is the supplier using a push or pull strategy : You learned that one of your smaller, nonstrategic suppliers of copper wire had directly emailed your salespeople (without your knowledge) with details of an incentive plan that would provide your salespeople with bonus paid directly by the supplier,..
Potential global risks their business could face : In the gaming laptop industry such as Razer, Asus, and Alienware what are the potential global risks their business could face as well as why and what impact they could have on your business?
How average annual inventory holdings to rise or fall : Whether each of the given events would probably cause average annual inventory holdings to rise, fall, or be affected in an indeterminate manner:
Emotional intelligence and understanding personality types : Describe how emotional intelligence and understanding personality types are important for developing relationships and examine the extent to which you believe that personality profiles can help to reduce workplace conflicts.

Reviews

Write a Review

 

Operation Management Questions & Answers

  Problems facing for-profit company

Problems Facing For-Profit Company.

  Impact of information technology on customer service

Which of the following is a negative impact of information technology on the customer service provided by service organizations?

  One of five current roommates in house

Clair DeLoon was one of five current roommates in a house where tenants are continually moving in and moving out. An unknown past tenant vacated the premises, leaving behind a VCR and a collection of campy video tapes, frequently enjoyed by later gro..

  Compare potential legal liability of the entities involved

Sang purchased a cola drink in a plastic bottle with a sealed plastic top from a vending machine located in the hall of his college dormitory room. After drinking ¾ of the cola, Sang took another drink, and felt a sharp object enter his mouth. Compar..

  Define spheres of strategic sustainability

The purpose of this paper is to present the concept of global "strategic sustainability", represented by a conceptual framework, the "spheres of strategic sustainability". The paper examines routes, solutions and a vision for corporate strategic s..

  The importance of cognition and behavior

The importance of cognition and behavior in the learning process?

  Construct spreadsheet model in excel to compute total profit

You have been called in to consult Tammy Duncan, the operation manager and head beer meister of Black Warrior Brewing Co. which produces the very popular BW Ale. Construct a spreadsheet model in excel to compute the total profit.

  Analyze recent failures in the global financial system

Analyze recent failures in the global financial system and make at least one recommendation for systematic change that would prevent such failures from happening in the future

  About independent practice associations

Which of the following are true about Independent Practice Associations?

  Business on behalf of the corporation

Which of the following is NOT involved in doing business on behalf of the corporation?

  Conducting job analysis to modify existing job description

Imagine that you are the Human Resources Director for a medical clinic. For this assignment, please design a recruiting plan for a new Registered Nurse. The plan you propose should address all of the following three elements: Propose a process for co..

  Explain the differences among law office billing procedures

Explain the differences among law office billing procedures, specifically, the differences involved in billing on a contingency basis, a flat fee basis, and an hourly basis.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd