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: What is this week's forecast using trend adjusted (double)smoothing with alpha(1)= 0.5 and alpha(2)= 0.1,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?
A)49
B)50
C)55
D)65
E)78

Question

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:  What is this week's forecast using trend adjusted (double)smoothing with alpha(1)= 0.5 and alpha(2)= 0.1,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?
A)49 
B)50 
C)55 
D)65 
E)78

Quizplus · Accepted Answer

The Answer of 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:  What is this week's forecast using trend adjusted (double)smoothing with alpha(1)= 0.5 and alpha(2)= 0.1,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?
A)49 
B)50 
C)55 
D)65 
E)78

Professor Z Needs to Allocate Time Among Several Tasks Next