Question one The president of State University wants to forecast student enrollments for this academic year based on the following historical data: Year 5 years ago 4 years ago 3 years ago 2 years ago Last year Enrollments 15,000 16,000 18,000 20,000 21,000 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 these data? c. using the MAD find which forecasting technique may be appropriate for this quetion
Question one The president of State University wants to forecast student enrollments for this academic year based on the following historical data: Year 5 years ago 4 years ago 3 years ago 2 years ago Last year Enrollments 15,000 16,000 18,000 20,000 21,000 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 these data? c. using the MAD find which forecasting technique may be appropriate for this quetion
Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
Problem 1LO
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