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 gatherethe following data:Week6 weeks ago5 weeks ago4 weeks ago3 weeks ago2 weeks ago# Students8311095806550Last weekWhat 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 trendestimate for last week's forecast was -5?49.3O 50.647.365.442.7

The Adjusted for Trend When there is a trend component in the time series, the more advanced…

Answered: Professor Very Busy needs to allocate…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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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: Week 6 weeks ago 5 weeks ago 4 weeks ago 3 weeks ago 2 weeks ago Last week # Students 83 110 95 80 65 50 What is this week's forecast using trend-adjusted (double) smoothing with alpha = .5 and beta = .1, if the forecast for last week was 65, the forecast for two weeks ago was 75, and the trend estimate for last week's forecast was -5? 49.3 78.7 51.3 50.6 65.4

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