The President of State University Wants to Forecast Student Enrollments

question 122

Multiple Choice

The president of State University wants to forecast student enrollments for this academic year based on the following historical data: $$\begin{array} { | l | c | } \hline \text { Year } & \text { Enrollments } \\\hline \text { 5 Years ago } & 15,000 \\\hline \text { 4 Years ago } & 16,000 \\\hline 3 \text { Years ago } & 18,000 \\\hline \text { 2 Years ago } & 20,000 \\\hline \text { Last Year } & 21,000 \\\hline\end{array}$$
What is the forecast for this year using the least squares trend line for these data?

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

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