The Dean of a School of Business Is Forecasting Total

question 2

Multiple Choice

The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data:

What is this year's forecast using exponential smoothing with alpha = 0.4, if last year's smoothed forecast was 2,600?

• A)2,600
• B)2,760
• C)2,800
• D)3,840
• E)3,000

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Definitions:

Free Trade

An economic policy that allows imports and exports between countries without tariffs, quotas, or other restrictions.

Domestic Price

The price of goods or services within a country's borders, exclusive of international factors.

World Price

The price at which goods trade on the international market, reflecting the global balance of supply and demand for those goods.

Import

Goods or services that come into a country from abroad for sale.