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 the naive approach?
A) 45
B) 50
C) 52
D) 65
E) 78

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 the naive approach?
A) 45
B) 50
C) 52
D) 65
E) 78

Quizplus · Accepted Answer

The naive approach for forecasting assumes that the next value will be the same as the most recent value. Therefore, the forecast for this week would be 50, which was the number of students who sought appointments last week.

Professor Very Busy Needs to Allocate Time Next Week to Include