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 | 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 a four-year simple moving average?
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
Ethics Theory and Contemporary Issues
Authors: Barbara MacKinnon, Andrew Fiala
8th edition
9781305162846, 1285196759, 1305162846, 978-1285196756
