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1. The actual demand for the patients at Omaha Emergency Medical Clinic for the first six weeks of this year are as follows:
Week Actual # of Patients 1. 65 2. 62 3. 70 4. 48 5. 63 6. 52
1. Compute a simple exponential smoothing forecast for week 7 with ?=.5. Assume the forecast for week 1 is 65
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An Electric Company estimates its demand trend line (in millions of kilowatt hours) to be D = 79 + 0.52 Q, where Q refers to the sequential quarter number and Q=1 for winter 2000.
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