Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Suppose that the Perpetual Help College of Rizal had the following record of its growth of enrollment from 2011 -2020. Year 2011 2012 2013
1. Suppose that the Perpetual Help College of Rizal had the following record of its growth of enrollment from 2011 -2020. Year 2011 2012 2013 2014 2015 a) b) C) d) 6) Enrolment Year Enrolment 5,200 2016 7,000 5,500 2017 8,800 6,000 2018 9,400 6,500 2019 9,600 6,800 2020 10,500 Develop a forecast of enrolment beginning 2014 to 2021 using 3-years moving average forecast model. ( 8 pts) 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. ( 8 pts) Using exponential smoothing and smoothing constant of .30 and 2011 previous forecast of 5200, develop a forecast of enrolment from 2012 to 2021. ( 11 pts) Forecast enrollment using Trend line Projection from 2011 to 2021. ( 15 pts) Evaluate forecast accuracy of each forecast model using MSE . Which model should you recommend? ( 8 pts)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started