Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of students who will seek appointments. He has gathered the following data: $$\begin{array} { l l }
\text { Week } & \text { \# Students } \
\hline 6 \text { weeks ago } & 83 \
5 \text { weeks ago } & 110 \
4 \text { weeks ago } & 95 \
3 \text { weeks ago } & 80 \
2 \text { weeks ago } & 65 \
\text { Last week } & 50
\end{array}$$ What is this week's forecast using exponential smoothing with alpha = .2, if the forecast for two weeks ago was 90?
A) 49
B) 50
C) 52
D) 65
E) 77

Question

Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of students who will seek appointments. He has gathered the following data: $$\begin{array} { l l } 
\text { Week } & \text { \# Students } \
\hline 6 \text { weeks ago } & 83 \
5 \text { weeks ago } & 110 \
4 \text { weeks ago } & 95 \
3 \text { weeks ago } & 80 \
2 \text { weeks ago } & 65 \
\text { Last week } & 50
\end{array}$$ What is this week's forecast using exponential smoothing with alpha = .2, if the forecast for two weeks ago was 90?
A) 49
B) 50
C) 52
D) 65
E) 77

Quizplus · Accepted Answer

The Answer of Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of students who will seek appointments. He has gathered the following data: $$\begin{array} { l l } 
\text { Week } & \text { \# Students } \
\hline 6 \text { weeks ago } & 83 \
5 \text { weeks ago } & 110 \
4 \text { weeks ago } & 95 \
3 \text { weeks ago } & 80 \
2 \text { weeks ago } & 65 \
\text { Last week } & 50
\end{array}$$ What is this week's forecast using exponential smoothing with alpha = .2, if the forecast for two weeks ago was 90?
A) 49
B) 50
C) 52
D) 65
E) 77

Professor Very Busy Needs to Allocate Time Next Week to Include