Campus Advising needs to allocate time this week for office appointments, so she needs te forecast the number of students who will seek appointments. The advisor has gathered the following time series data recently: Period Student Appointments 4 weeks ago 95 3 weeks ago 80 2 weeks ago 65 Last week 50 Answer the next two questions (questions 11 and 12), based on this information. What is this week's forecast for student appointments using a three-week moving average? 11. a) 80 b) 50 c) 52

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 3E: Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where...
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Campus Advising needs to allocate time this week for office appointments, so she needs te
forecast the number of students who will seek appointments. The advisor has gathered th
following time series data recently:
Period
Student Appointments
4 weeks ago
95
3 weeks ago
80
2 weeks ago
65
Last week
50
Answer the next two questions (questions 11 and 12), based on this information.
11.
What is this week's forecast for student appointments using a three-week moving
average?
a) 80
b) 50
c) 52
d) 65
e) 78
Transcribed Image Text:Campus Advising needs to allocate time this week for office appointments, so she needs te forecast the number of students who will seek appointments. The advisor has gathered th following time series data recently: Period Student Appointments 4 weeks ago 95 3 weeks ago 80 2 weeks ago 65 Last week 50 Answer the next two questions (questions 11 and 12), based on this information. 11. What is this week's forecast for student appointments using a three-week moving average? a) 80 b) 50 c) 52 d) 65 e) 78
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