Enrollment in a Particular Class for the Last Four Semesters

question 98

Multiple Choice

Enrollment in a particular class for the last four semesters has been 120,126,110,and 130.Suppose a one-semester moving average was used to forecast enrollment (this is sometimes referred to as a naïve forecast) .Thus,the forecast for the second semester would be 120,for the third semester it would be 126,and for the last semester it would be 110.What would the MSE be for this situation?

• A)196.00
• B)230.67
• C)100.00
• D)42.00
• E)None of the above

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Definitions:

Private Enterprise

Private enterprise is a business or industry that is managed and owned by private individuals or companies rather than by the state.

Production Possibility Frontier

A diagram demonstrating all possible maximal production outcomes for two commodities, subject to a combination of resources and various factors.

Bowed In

Describes a curve that is concave towards the origin, indicating increased efficiency or utility in some economics models.

Capital

Represents resources like funds, equipment, and properties used in the production of goods and services, contributing to the wealth of businesses or economies.