Professor Very Busy needs to allocate time next week to include time for office hours. He needs toforecast the number of students who will seek appointments. He has gathered the following data:Week6 weeks ago5 weeks ago4 weeks ago3 weeks ago2 weeks agoLast week# Students8311095806550What is this week's forecast using trend-adjusted (double) smoothing with alpha = .5 and beta = .1, if theforecast for last week was 65, the forecast for two weeks ago was 75, and the trend estimate for lastweek's forecast was -5?49.378.751.350.665.4

Given, Last week forecast Ft-1= 65 Last week Actual At-1 = 50 α = 0.5 β = 0.1 Trend estimate for…

Answered: What is this week's forecast using…

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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The director of the Riley County, Kansas, library systemwould like to forecast evening patron usage for next week.Below are the data for the past 4 weeks: a) Calculate a seasonal index for each day of the week.b) If the trend equation for this problem is y = 201. 74 + .18x,what is the forecast for each day of week 5? Round your forecastto the nearest whole number.
It wouldnt let me take a screenshot of the table so I had to copy and paste it in here. My question is: How do you Calculate a moving average forecast using the last 2 and 4 dates of stay. What is the prediction for 7/1/2021 for each technique? Discussion Question 1 - 200 room hotel Forecasts MA 2 Errors MA 4 Errors ES (0.8) Errors ES (0.5) Errors Date Day of Week Rooms Sold MA 2 MA 4 ES (0.8) ES (0.5) AE APE AE APE AE APE AE APE 6/1/2021 Tuesday 123 6/2/2021 Wednesday 109 6/3/2021 Thursday 140 6/4/2021 Friday 199 6/5/2021 Saturday 179 6/6/2021 Sunday 140 6/7/2021 Monday 117 6/8/2021 Tuesday 132 6/9/2021 Wednesday 108 6/10/2021 Thursday 151…
2. Given the following data, use exponential smoothing with a = 0.2 and a = 0.5 to generate forecasts for periods 2 through 6. Use MAD and MSE to decide which of the two models produced a better forecast. Period Actual Forecast 1 15 17 2 18 3 14 4 16 5 13 6 16
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What is this week's forecast using trend-adjusted (double) smoothing with alpha=.5 and beta = .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 49.3 78.7 51.3 50.6 65.4