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 Number of students 6 Weeks ago 51 5 Weeks ago 79 4 Weeks ago 83 3 Weeks ago 89 2 Weeks ago 71 Last Week 93 What is this week's forecast using exponential smoothing with alpha = 0.3 , if the forecast for two weeks ago was 77 ? a. 75.2 b. 78.8 c. 69.86 d. 80.54
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 Number of students 6 Weeks ago 51 5 Weeks ago 79 4 Weeks ago 83 3 Weeks ago 89 2 Weeks ago 71 Last Week 93 What is this week's forecast using exponential smoothing with alpha = 0.3 , if the forecast for two weeks ago was 77 ? a. 75.2 b. 78.8 c. 69.86 d. 80.54
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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Professor Z needs to allocate time among several tasks next week to include time for students' appointments. Thus, he needs to
Week Number of students
6 Weeks ago 51
5 Weeks ago 79
4 Weeks ago 83
3 Weeks ago 89
2 Weeks ago 71
Last Week 93
What is this week's forecast using exponential smoothing with alpha = 0.3 , if the forecast for two weeks ago was 77 ?
a. 75.2
b. 78.8
c. 69.86
d. 80.54
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