Question
the president of state university wants to forecast student enrollments for this academic year based on the following historical data year enrollments 5 years ago
the president of state university wants to forecast student enrollments for this academic year based on the following historical data
| year | enrollments |
| 5 years ago | 15000 |
| 4 years ago | 16000 |
| 3 years ago | 18000 |
| 2 years ago | 20000 |
| last year | 21000 |
a-what is the forecast for this year using a 3-year weighted moving average where the weights are halved in a descending order from newest to oldest?
b-what is the forecast for this year using the trend line for this data?
c-using the MAD find which forecasting technique may be appropriate for this question ?
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
