What is forecast for this year using exponential smoothing

Reference no: EM131673756

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:

Week # of students

6 weeks ago 83

5 weeks ago 110

4 weeks ago 95

3 weeks ago 80

2 weeks ago 65

Last week 50

What is the forecast for this year using exponential smoothing with = 0.2, if the forecast for two weeks ago was 90?

Please show solving step for adding etc.

Reference no: EM131673756

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