The President of Northern University Wants to Forecast Student Enrolments

question 55

Multiple Choice

The president of Northern University wants to forecast student enrolments for this academic year based on the following historical data: What is the forecast for this year using trend adjusted (double) smoothing with alpha(1) = .05 and alpha(2) = 0.3,if the forecast for last year was 21,000,the forecast for two years ago was 19,000,and the trend estimate for last year's forecast was 1,500?

• A)18,750
• B)19,500
• C)21,000
• D)22,650
• E)22,800

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Definitions:

Completion

A cognitive process that involves filling in missing information or gaps based on one's experiences and understanding of the world.

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Personal preferences or areas of curiosity that attract an individual's attention and engagement, playing a significant role in motivation and life satisfaction.

Social Interest

A concept in psychology referring to an individual's inclination towards empathy, community feeling, and considering the welfare of others as a guiding principle.

Common Welfare

A concept referring to the overall health, happiness, and well-being of a group or society.