Forecasting suggest as number of employee appointments

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Reference no: EM132214866

Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast the number of employees who will seek appointments. The director has gathered the following time series data recently

Period Employee Appointments

4 weeks ago 95

3 weeks ago 80

2 week ago 65

last week 50

a. What would naive forecasting suggest as the number of employee appointments that can be expected this week?

b. What is this week’s forecast for employee appointments using a 3-week moving average? What would the same forecast be using a 2-week moving average? ¨

c. What would be this week’s forecast for employee appointments using exponential smoothing with alpha of 0.2, if the forecast for 2 weeks ago was 90? ¨

d. If the director used these 4 weeks of data to create a linear regression, what does that linear regression formula suggest for this week’s forecast of employee appointments? What does the regression analysis suggest in general about employee appointments for Director Very Busy?

Reference no: EM132214866

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