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

question 3

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 $\alpha$ = 0 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:

Breaching Party

The individual or entity that violates the terms of a contract or legal agreement.

Contract Law

The body of law that governs the making, validity, enforcement, and termination of contracts between parties.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the gross domestic product (GDP).

Financial Security

A condition of having stable income or resources sufficient to meet current and future needs.