The president of State University wants to forecast student enrollments for this academic year based on the following historical data: $$\begin{array} { l l }
\text { Year } & \text { Enrollments } \
\hline \text { 5 years ago } & 15,000 \
4 \text { years ago } & 16,000 \
\text { 3 years ago } & 18,000 \
2 \text { years ago } & 20,000 \
\text { Last year } & 21,000
\end{array}$$ What is the forecast for this year using the naive approach?
A) 18,750
B) 19,500
C) 21,000
D) 22,000
E) 22,800

Question

The president of State University wants to forecast student enrollments for this academic year based on the following historical data: $$\begin{array} { l l } 
\text { Year } & \text { Enrollments } \
\hline \text { 5 years ago } & 15,000 \
4 \text { years ago } & 16,000 \
\text { 3 years ago } & 18,000 \
2 \text { years ago } & 20,000 \
\text { Last year } & 21,000
\end{array}$$ What is the forecast for this year using the naive approach?
A) 18,750
B) 19,500
C) 21,000
D) 22,000
E) 22,800

Quizplus · Accepted Answer

The naive approach forecasts that the next value will be the same as the last value, so the forecast for this year is 21,000, which is the enrollment from last year.

The President of State University Wants to Forecast Student Enrollments