The President of State University Wants to Forecast Student Enrollments

question 95

Multiple Choice

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

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

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Definitions:

nAch

A term used in psychology to denote the need for achievement; it's a person's motivation to excel and achieve in tasks.

Internal Locus of Control

Internal Locus of Control is a psychological concept referring to individuals who believe they can control their life, attributing success to their own efforts and abilities rather than external factors.

Decremental

Characterized by a gradual decrease in size, strength, or value over time.

Incidental

Occurring alongside or as a minor accompaniment to something else, not central or primary.