A police station had to deploy a police officer for an emergency multiple times

Question

A police station had to deploy a police officer for an emergency multiple times in the last four evenings. The table below shows the number of emergencies each evening. Weekday Number of calls each day Monday 9 Tuesday 2 Wednesday 8 Thursday 12 Forecast for tomorrow 10 a. Complete the "Forecast for tomorrow"column in the table above. Use an exponential smoothing forecasting approach, with sd=0.2 and a forecast for Monday of 10. B. What would their forecast for Friday using the same exponential smoothing forecasting approach?

Explanation / Answer

Please find the explaination below:

Please find the explaination below:

Simple Exponential Smoothing alpha= 0.2 Simple Exponential Percent Squared Period No of calls Smoothing Error Abs. Error Error Error Monday 9 10 Tuesday 2 9.0 -7.0 7.0 350.00% 49.0 Wednesday 8 7.6 0.4 0.4 5.00% 0.2 Thursday 12 7.7 4.3 4.3 36.00% 18.7 Friday 8.5 -0.76 3.91 130.33% 22.61 BIAS MAD MAPE MSE Standard Error (Square Root of MSE) = 4.8

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