The president of State University wants to forecast student enrollment for this academic year based on the following historical data:ТearEnrollments5 years ago15,0004 years ago16,0003 years ago|2 years ago18,00020,000Last year21,000What is the forecast for this vear using exponential smoothing with trend If a= 0.5 and 8= 0.3? Assume the forecast for last vear was 21.000 and the forecast for two vears ago was 19.000, and that the trend estimate for last vear's forecast was 1.500.Multiple Choice21,00019,50018,75022,50022,800ооо оо

Formula for Calculating Present year forecast : Ft=Ft-1 +αAt-1-Ft-1 Where t is the present year, and…

The president of State University wants to forecast student enrollment for this academic year based on the following historical data: Tear Enrollments 5 years ago 15,000 16,000 4 years ago 3 years ago |2 years ago 18,000 20,000 Last year 21,000 What is the forecast for this year using exponential smoothing with trend if a= 0.5 and B= 0.3? Assume the forecast for last year was 21,000 and the forecast for two years ago was 19,000, and that the trend estimate for last year's forecast was 1,500. Multiple Choice 21,000 19.500 18,750 22,500 22,800 ооо о с

The president of State University wants to forecast student enrollment for this academic year based on the following historical data: Tear Enrollments 5 years ago 15,000 16,000 4 years ago 3 years ago |2 years ago 18,000 20,000 Last year 21,000 What is the forecast for this year using exponential smoothing with trend if a= 0.5 and B= 0.3? Assume the forecast for last year was 21,000 and the forecast for two years ago was 19,000, and that the trend estimate for last year's forecast was 1,500. Multiple Choice 21,000 19.500 18,750 22,500 22,800 ооо о с

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.3: Fitting Linear Models To Data

Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....

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