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 a moving-average forecast based on the last four years?
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 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 a moving-average forecast based on the last four years?
A)18,750 
B)19,500 
C)21,000 
D)22,650 
E)22,800

Quizplus · Accepted Answer

The moving average forecast for this year is (18,000 + 20,000 + 21,000 + 22,000) / 4 = 18,750.

The President of State University Wants to Forecast Student Enrollment