Question
1. Suppose that the Perpetual Help College of Rizal had the following record of its growth of enrollment from 2011 -2020. YearEnrollmentYearEnrollment 20115,20020167,000 20125,50020178,800 20136,00020189,400
1. Suppose that the Perpetual Help College of Rizal had the following record of its growth of enrollment from 2011 -2020.
YearEnrollmentYearEnrollment
20115,20020167,000
20125,50020178,800
20136,00020189,400
20146,50020199,600
20156,800202010,500
a)Develop a forecast of enrollment beginning 2014 to 2021 using 3-years moving average forecast model.
b)Using weights of .50 for the most recent data, .30 to the second recent data, and .20 to the 3 months old data, develop a forecast beginning 2014 to 2021 using 3 years weighted moving average forecast model.
c) Using exponential smoothing and smoothing constant of .30 and 2011 previous forecast of 5200, develop a forecast of enrollment from 2012 to 2021.
d)Forecast enrollment using Trend line Projection from 2011 to 2021
e) Evaluate forecast accuracy of each forecast model using MSE. Which model should you recommend?
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