The President of State University Wants to Forecast Student Enrollments

question 67

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 trend-adjusted (double) smoothing with alpha = 0.05 and beta = 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:

Standard Error

A statistic that measures the spread of data points in a sample and indicates how accurately the sample represents the entire population.

Sum Of Squares

A statistical measure that quantifies the total variance within a data set by summing the squared differences from the mean.

Degrees of Freedom

The number of autonomous values or metrics assignable to a statistical distribution.

Standard Error

Standard error measures the dispersion or precision of a sample statistic, such as the mean, in estimating a population parameter.