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

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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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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