The President of State University Wants to Forecast Student Enrollment $\alpha$

question 29

Multiple Choice

The president of State University wants to forecast student enrollment 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
-What is the forecast for this year using exponential smoothing with trend if $\alpha$ = 0 5 and $\beta$ = 0 3? Assume the forecast for last year was 21,000 and the forecast for two years ago was 19,000,and that the trend estimate for last years forecast was 1,500

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

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Definitions:

Agent By Conduct

An individual or entity that acts on behalf of another party in a way that suggests they have the authority to do so, even if no formal agency relationship exists.

Grain Sellers

Individuals or companies engaged in the business of selling grains either wholesale or retail.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses, including oil, meal, and as a vegetable.

Processing Facilities

Locations or sites equipped with machinery and technology for treating or handling materials or goods.