Question: Professor Liles needs to allocate time this week to include time for office hours. He needs to forecast the number of students who will seek
Professor Liles needs to allocate time this week to include time for office hours. He needs to forecast the number of students who will seek appointments this week. He has gathered the following data: WEEK NUMBER OF STUDENTS Two weeks ago 5 Last week 7 THIS WEEK Not Known Use TREND-ADJUSTED EXPONENTIAL SMOOTHING method to forecast the number of students who will seek appointments THIS WEEK. Use the following: Exponentially smoothed forecast two weeks ago = 2 students Exponentially smoothed trend estimate two weeks ago = 2 students Smoothing constants: = 0.4, = 0.5. What is the forecast for the number of students who will seek appointments with Professor Liles THIS WEEK?
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