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. Use α = .5 and β = .4, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10.See the screen shot and help me create this forecast. 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 oftrend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units. Use a = .5 and B = .4, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10.Period12W N345Actual210224229240255Period678910Actual265272285294

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Answered: After plotting demand for four periods,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...

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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. Use α = .5 and β = .4, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10.

See the screen shot and help me create this forecast.