Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Transcribed Image Text: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 gathere
the following data:
Week
6 weeks ago
5 weeks ago
4 weeks ago
3 weeks ago
2 weeks ago
# Students
83
110
95
80
65
50
Last week
What is this week's forecast using trend adjusted (double) smoothing with alpha=0.5 and beta = 0.1, if the smoothed forecast for last week was 60, and the smoothed trend
estimate for last week's forecast was -5?
49.3
O 50.6
47.3
65.4
42.7
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