Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The dean of a school of business is forecasting total student enrollment for this year (2019)'s summer session classes based on the following historical

 

 

The dean of a school of business is forecasting total student enrollment for this year (2019)'s summer session classes based on the following historical data: TOTAL ENROLLMENT YEAR 2015 2016 2017 2018 y 2,000 2,200 2,800 3,000 a) What is this year's forecast using a three-year simple moving average? b) What is this year's forecast using a three-year weighted moving average with weights of 0.5, 0.3, and 0.2? c) What is this year's forecast using exponential smoothing with alpha=0.4, if year 2017's smoothed forecast was 2,600? d) What is the slope (b) of the least squares trend line for these data? e) What is the Y-intercept (a) of the least squares trend line for these data? f) What is this year's forecast using the least squares trend line for these data?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

a For Period t let the actual enrollment be A and Forecas... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial accounting

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

1st edition

471467855, 978-0471467854

More Books

Students also viewed these Mathematics questions

Question

Describe the dual-rate allocation method.

Answered: 1 week ago

Question

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago

Question

What is the key characteristic of a service firm?

Answered: 1 week ago