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.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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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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