The president of State University wants to forecast student enrollment 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

18,000

Last year

16,000

What is the forecast for this year using exponential smoothing with alpha = 0.5, if the forecast for two years ago was 16,000?

16,500

17,000

17,500

18,000

None of the above

The president of State University wants to forecast student enrollment for Year 3. Using exponential smoothing with trend, the forecast for the current year (Year 1) is 20,000. Assume the estimated trend is 1,500. What is the forecast for Year 3?

18,500.

20,000.

21,500.

23,000.

24,500.