Question: Help me solve this problem with thoroughly shown work. Then, give me 8 reasons and with backed up math evidence as to why your answer

Help me solve this problem with thoroughly shown work. Then, give me 8 reasons and with backed up math evidence as to why your answer is correct and show me the correlating step to your evidence. A mathematician will be presented this, so make it as accurate as possible. Tutoring Center needs to allocate tutors this week for office appointments, so it needs to forecast the number of students who will seek appointments. The director has gathered the following time series data recently:
Period Student Appointments
4 weeks ago 100
3 weeks ago 90
2 weeks ago 80
Last week 70
What would naive forecasting suggest as the number of student appointments that can be expected this week?
What is this weeks forecast for student appointments using a 3-weeks simple moving average? What would the same forecast be using a 3-weeks weighted moving average with the following weights: 0.50,0.35, and 0.15?
What would be this weeks forecast for student appointments using exponential smoothing with alpha of 0.25, if the forecast for 2 weeks ago was 90?
The answer should be given in the following format: Naive Forecasting Value; 3-weeks simple moving average value; 3-weeks weighted moving average value; Exponential smoothing forecasting value.
Question 11 options:
70; 80; 76.5; 87.5
70; 80; 76.5; 86.875
70; 80; 76.5; 83.125

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!