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Professor Z needs to allocate time among several tasks next week to include time for students' appointments. Thus, he needs to forecast the number of students who will seek appointments. He has gathered the following data: WEEK # STUDENTS 6 weeks ago 83 5 weeks ago 110 4 weeks ago 95 3 weeks ago 80 2 weeks ago 65 Last week 50 What is this week's forecast using trend adjusted (double) smoothing with alpha(1) = 0 5 and alpha(2) = 01, if the forecast for last week was 65, the forecast for two weeks ago was 75, and the trend estimate for last week's forecast was -5? O a 55 Ob 50 O c. 49 Od 78 Oe 65

Professor Z needs to allocate time among several tasks next week to include time for students' appointments. Thus, he needs to forecast the number of students who will seek appointments. He has gathered the following data: WEEK # STUDENTS 6 weeks ago 83 5 weeks ago 110 4 weeks ago 95 3 weeks ago 80 2 weeks ago 65 Last week 50 What is this week's forecast using trend adjusted (double) smoothing with alpha(1) = 0 5 and alpha(2) = 01, if the forecast for last week was 65, the forecast for two weeks ago was 75, and the trend estimate for last week's forecast was -5? O a 55 Ob 50 O c. 49 Od 78 Oe 65

Practical Management Science
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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n Professor Z needs to allocate time among several tasks next week to include time for students' appointments. Thus, he needs to forecast the number of students who will seek appointments. He has gathered the following data: WEEK # STUDENTS 6 weeks ago 83 5 weeks ago 110 4 weeks ago95 3 weeks ago 80 2 weeks ago 65 Last week 50 What is this week's forecast using trend adjusted (double) smoothing with alpha(1) = 0.5 and alpha(2) = 0.1, if the forecast for last week was 65, the forecast for two weeks ago was 75, and the trend estimate for last week's forecast was -5? O a 55 Ob 50 O c. 49 Od 78 Oe65
Transcribed Image Text:n Professor Z needs to allocate time among several tasks next week to include time for students' appointments. Thus, he needs to forecast the number of students who will seek appointments. He has gathered the following data: WEEK # STUDENTS 6 weeks ago 83 5 weeks ago 110 4 weeks ago95 3 weeks ago 80 2 weeks ago 65 Last week 50 What is this week's forecast using trend adjusted (double) smoothing with alpha(1) = 0.5 and alpha(2) = 0.1, if the forecast for last week was 65, the forecast for two weeks ago was 75, and the trend estimate for last week's forecast was -5? O a 55 Ob 50 O c. 49 Od 78 Oe65
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