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What is this week's forecast using the least squares trend line for these data? Select one:

What is this week's forecast using the least squares trend line for these data? Select one:

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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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 6 weeks ago 5 weeks ago 4 weeks ago 3 weeks ago 2 weeks ago Last week # STUDENTS 83 110 95 80 65 50 What is this week's forecast using the least squares trend line for these data? Select one: O a 49 O b. 50 O c. 52 O d. 65 O e. 78
Transcribed Image Text: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 6 weeks ago 5 weeks ago 4 weeks ago 3 weeks ago 2 weeks ago Last week # STUDENTS 83 110 95 80 65 50 What is this week's forecast using the least squares trend line for these data? Select one: O a 49 O b. 50 O c. 52 O d. 65 O e. 78
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