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The President of State University Wants to Forecast Student Enrollments

question 11

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The president of State University wants to forecast student enrollments for this academic year based on the following historical data:  Year  Enrollments  5 Years ago 15,000 4 Years ago 16,000 3 Years ago 18,000 2 Years ago 20,000 Last Year 21,000\begin{array} { | l | c | } \hline \text { Year } & \text { Enrollments } \\\hline \text { 5 Years ago } & 15,000 \\\hline \text { 4 Years ago } & 16,000 \\\hline \text { 3 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 exponential smoothing with alpha = .5, if the forecast for two years ago was 16,000?


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