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22 September, 23:34

The president of State University wants to forecast student enrollment for this academic year based on the following historical dа ta: 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 = 0.5, if the forecast for two years ago was 16,000?

a) 18,750

b) 19,500

c) 21,000

d) 22,650

e) None of the above

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Answers (1)
  1. 22 September, 23:57
    0
    Answer: c
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