Professor Z Needs to Allocate Time Among Several Tasks Next

question 54

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 week using exponential smoothing with trend if ? = 0.5 and ? = 0.1? Assume the forecast for last week was 65 and the forecast for two weeks ago was 75, and that the trend estimate for last week's forecast was ?5.

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

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Definitions:

Annual Dividend

The total amount of dividends a company pays out to its shareholders over a year, often expressed as a per share amount.

Shares

Units of ownership interest in a corporation or financial asset that represent an equal proportion in the distributing of any profits, if any are declared, in the form of dividends.

Capital Gain

Capital Gain is the profit earned from the sale of an asset or investment when the selling price exceeds the purchase price.