The president of State University wants to forecast student enrollments for this academic year based on the following historical data:

What is the forecast for this year using trend-adjusted (double)smoothing with alpha = 0.05 and beta = 0.3, if the forecast for last year was 21,000, the forecast for two years ago was 19,000, and the trend estimate for last year's forecast was 1,500?
A)18,750
B)19,500
C)21,000
D)22,650
E)22,800

Question

The president of State University wants to forecast student enrollments for this academic year based on the following historical data:

What is the forecast for this year using trend-adjusted (double)smoothing with alpha = 0.05 and beta = 0.3, if the forecast for last year was 21,000, the forecast for two years ago was 19,000, and the trend estimate for last year's forecast was 1,500?
A)18,750 
B)19,500 
C)21,000 
D)22,650 
E)22,800

Quizplus · Accepted Answer

The Answer of The president of State University wants to forecast student enrollments for this academic year based on the following historical data:

What is the forecast for this year using trend-adjusted (double)smoothing with alpha = 0.05 and beta = 0.3, if the forecast for last year was 21,000, the forecast for two years ago was 19,000, and the trend estimate for last year's forecast was 1,500?
A)18,750 
B)19,500 
C)21,000 
D)22,650 
E)22,800

The President of State University Wants to Forecast Student Enrollments