Course Decision Making Technics

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Reference no: EM132225561

1. A professor 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: 6 weeks ago, 83 students; 5 weeks ago, 110 students; 4 weeks ago, 95 students; 3 weeks ago, 80 students; 2 weeks ago, 65; Last week, 50. What is the forecast for this year using a moving-average forecast based on the last three weeks?

a. 49

b. 50

c. 52

d. 65

e. 78.

2. TRUE OR FALSE. The exponential distribution will always provide a reasonably close approximation of the true service-time distribution

3. TRUE OR FALSE Analytical Methods are preferable to simulation if an appropriate analytic method is available

4. TRUE OR FALSE. Causal forecasting obtains a forecast for a dependent variable by relating it directly to one or more independent variables

Reference no: EM132225561

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