Professor Z Needs to Allocate Time Among Several Tasks Next

question 28

Multiple Choice

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 exponential smoothing with ? = 0.2, if the forecast for two weeks ago was 90?

• A) 49
• B) 50
• C) 52
• D) 65
• E) 78

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Definitions:

Organization Expense

Organization expense comprises the costs related to forming a business entity, such as legal fees, registration fees, and initial administrative expenses.

Par Common Stock

The face value of a share of common stock, as stated in the corporate charter, which is the minimum amount that must be paid for a share at issuance.

Paid-In Capital

The amount of capital provided by shareholders to a company in exchange for shares of stock, representing the funds contributed by investors during the issuance of shares.

Stockholders' Equity

Stockholders' Equity represents the owners' claim after all liabilities have been deducted from total assets. It's also known as shareholders' equity or equity.