Enrollment in a Particular Class for the Last Four Semesters

question 15

Multiple Choice

Enrollment in a particular class for the last four semesters has been 120,126,110,and 130 (listed from oldest to most recent) .Develop a forecast of enrollment next semester using exponential smoothing with an alpha = 0.2.Assume that an initial forecast for the first semester was 120 (so the forecast and the actual were the same) .

• A)118.96
• B)121.17
• C)130
• D)120
• E)None of the above

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Definitions:

Revenue And Spending Variances

The differences between the actual and budgeted amounts of revenue and expenses.

Flexible Budget

A financial plan that adjusts or varies with changes in volume or activity.

Spending Variance

The difference between the budgeted amount of expenditure and the actual amount spent.

Facility Expenses

Costs associated with maintaining and operating a physical location or building, such as rent, utilities, and maintenance.