The Dean of a School of Business Is Forecasting Total

question 90

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: $$\begin{array} { | l | c | } \hline { \text { Year } } & \text { Enrollment } \\\hline \text { Four years ago } & 2000 \\\hline \text { Three years ago } & 2200 \\\hline \text { Two years ago } & 2800 \\\hline \text { Last year } & 3000 \\\hline\end{array}$$
What is this year's forecast using the naive approach?

• A) 2,000
• B) 2,200
• C) 2,800
• D) 3,000
• E) 3,200

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Definitions:

WEIRD Societies

An acronym for Western, Educated, Industrialized, Rich, and Democratic societies, used to critique the generalizability of psychological research.

Psychology Research

The scientific study of the mind and behavior, including understanding mental functions, brain functions, and behaviors through various research methodologies.

Overrepresented

Having a disproportionately large presence or quantity in a particular context or area.

Ethical Principle

A fundamental guideline or rule that helps determine the rightness or wrongness of actions, often used in moral reasoning and decision-making processes.