6. Tutoring Center needs to allocate tutors this week for office appointments, so it needs to forecast the number of students who will seek appointments. The director has gathered the following time series data recently: Time Period Code Student Appointments Jan 6 - 10 1 95 Jan 13 - 17 2 80 Jan 20 - 24 3 65 Jan 27 – 31 4 50 a) What is the naïve forecast for the number of student appointments for Time Period 5 (Feb 3 – 7)? b) What is the 2 week moving average for Time Period 5? c) What is the 3 week moving average for Time Period 5? d) What is the forecast for Time Period 5 using exponential smoothing with alpha = 0.2 and a forecast 90 for Time Period 3? e) Is demand for appointments increasing or decreasing?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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6. Tutoring Center needs to allocate tutors this week for office appointments, so it needs
to forecast the number of students who will seek appointments. The director has
gathered the following time series data recently:
Time Period
Code
Student Appointments
Jan 6 - 10
1
95
Jan 13 - 17
2
80
Jan 20 - 24
3
65
Jan 27 - 31
4
50
a) What is the naïve forecast for the number of student appointments for Time
Period 5 (Feb 3 – 7)?
b) What is the 2 week moving average for Time Period 5?
c) What is the 3 week moving average for Time Period 5?
d) What is the forecast for Time Period 5 using exponential smoothing with alpha =
0.2 and a forecast 90 for Time Period 3?
e) Is demand for appointments increasing or decreasing?
Transcribed Image Text:6. Tutoring Center needs to allocate tutors this week for office appointments, so it needs to forecast the number of students who will seek appointments. The director has gathered the following time series data recently: Time Period Code Student Appointments Jan 6 - 10 1 95 Jan 13 - 17 2 80 Jan 20 - 24 3 65 Jan 27 - 31 4 50 a) What is the naïve forecast for the number of student appointments for Time Period 5 (Feb 3 – 7)? b) What is the 2 week moving average for Time Period 5? c) What is the 3 week moving average for Time Period 5? d) What is the forecast for Time Period 5 using exponential smoothing with alpha = 0.2 and a forecast 90 for Time Period 3? e) Is demand for appointments increasing or decreasing?
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