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:

Deferral period

The time span during which payments or obligations are postponed or delayed.

Registered Retirement Savings Plan

A type of Canadian account for holding savings and investment assets, aimed at facilitating retirement savings.

End-of-month payments

Payments made at the conclusion of the month, often used in context with loans, rents, and utilities.

Compounded monthly

The process of adding interest to the principal sum of a loan or deposit, where this addition of interest occurs once every month.