Question
The president of a State University wants to forecast student enrollments for this academic year based on the following historical data: Year Enrollments 5 Years
The president of a State University wants to forecast student enrollments for this academic year based on the following historical data:
| Year | Enrollments |
| 5 Years ago | 15,000 |
| 4 Years ago | 16,000 |
| 3 Years ago | 18,000 |
| 2 Years ago | 20,000 |
| Last Year | 21,000 |
What is the forecast for this year using exponential smoothing with alpha = .6, if the forecast for two years ago was 16,000?
Group of answer choices
18,750
19,500
19960
22,650
22,800
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
Financial Accounting Making The Connection
Authors: J David Spiceland, Wayne Thomas, Don Herrmann
1st Edition
0077862260, 9780077862268
