The President of State University Wants to Forecast Student Enrollment

question 8

Multiple Choice

The president of State University wants to forecast student enrollment for this academic year based on the following historical data:
$$\begin{array} { | c | c | } \hline \text { Year } & \text { Enrollnents } \\\hline 5 \text { years ago } & 15,000 \\\hline 4 \text { years ago } & 16,000 \\\hline 3 \text { years ago } & 18,000 \\\hline \text { 2 years ago } & 20,000 \\\hline \text { Luast year } & 21,000 \\\hline\end{array}$$
What is the forecast for this year using exponential smoothing with ? = 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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