The Dean of a School of Business Is Forecasting Total

question 112

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

• A) 2,000
• B) 2,200
• C) 2,800
• D) 3,000
• E) 4,300

---

Definitions:

Credit Sale

A transaction where the payment for the purchased goods or services is deferred to a future date.

Credit Applicant

A Credit Applicant is an individual or business entity that applies for a loan or line of credit from a lending institution.

Credit Agencies

Organizations that assign credit ratings for issuers of certain types of debt securities, with the ratings based on the issuer's ability to pay back debt.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.