After plotting demand for four periods,
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 1 2 3 4 5
Actual 217, 226, 223, 247, 251
Period 6 7 8 9
Actual 269, 264, 290, 299
Use α=.5 and β=.1, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10. (Round your intermediate calculations and final answers to 2 decimal places.)
t Period TAFt _, _, _, _, _