The President of State University Wants to Forecast Student Enrollments

question 90

Multiple Choice

The president of State University wants to forecast student enrollments for this academic year based on the following historical data:

What is the forecast for this year using exponential smoothing with alpha = 0.5, if the forecast for two years ago was 16,000?

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

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Definitions:

Memory Confidence

The level at which one trusts the accuracy of their own memories.

Memory Bias

The tendency for our memories to be influenced by our current emotions, beliefs, and knowledge, leading to distortions or inaccuracies in how we remember past events.

Current Beliefs

Refers to the present beliefs or opinions that an individual or group holds, which can influence behavior and attitudes.

Flashbulb Memory

A highly detailed and vivid memory of an emotionally significant moment or event.