Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast thenumber of employees who will seek appointments. The director has gathered the following time seriesdata recentlyPeriod Employee Appointments4 weeks ago 953 weeks ago 802 week ago 65last week 50 c. What would be this week's forecast for employee appointments using exponential smoothing with alphaof 0.2, if the forecast for 2 weeks ago was 90?"

Answered: c. What would be this week's forecast…

c. What would be this week's forecast for employee appointments using exponential smoothing with alpha of 0.2, if the forecast for 2 weeks ago was 90?

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 1.2CE: Plot the logarithm of arrivals for each transportation mode against time, all on the same graph....

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Question

Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast the
number of employees who will seek appointments. The director has gathered the following time series
data recently
Period Employee Appointments
4 weeks ago 95
3 weeks ago 80
2 week ago 65
last week 50

c. What would be this week's forecast for employee appointments using exponential smoothing with alpha
of 0.2, if the forecast for 2 weeks ago was 90?"

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