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:
$$\begin{array} { | c | c | }
\hline \text { Week } & { \text { \# of students } } \
\hline 6 \text { weeks ago } & 85 \
\hline 5 \text { weeks ago } & 110 \
\hline 4 \text { weeks ago } & 95 \
\hline 3 \text { weeks ago } & 80 \
\hline 2 \text { weeks ago } & 65 \
\hline \text { Last week } & 50 \
\hline
\end{array}$$
What is the forecast for this year using the last-value forecasting method?
A) 49
B) 50
C) 52
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:
$$\begin{array} { | c | c | } 
\hline \text { Week } & { \text { \# of students } } \
\hline 6 \text { weeks ago } & 85 \
\hline 5 \text { weeks ago } & 110 \
\hline 4 \text { weeks ago } & 95 \
\hline 3 \text { weeks ago } & 80 \
\hline 2 \text { weeks ago } & 65 \
\hline \text { Last week } & 50 \
\hline
\end{array}$$
What is the forecast for this year using the last-value forecasting method?
A) 49
B) 50
C) 52
D) 65
E) 78

Quizplus · Accepted Answer

The last-value forecasting method uses the most recent data point to predict the future, which in this case is 50 students from last week.

Professor Z Needs to Allocate Time Among Several Tasks Next