Assignment:
After plotting demand for four periods, an 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 three periods from 1 to 4, for an average of +10 units.
|
Period
|
Actual
|
Period
|
Actual
|
|
1
|
205
|
6
|
267
|
|
2
|
223
|
7
|
262
|
|
3
|
220
|
8
|
280
|
|
4
|
235
|
9
|
284
|
|
5
|
258
|
10
|
|
Use α 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
6 254.40
7 261.51
8 262.23
9 272.44
10 279.61