Forecast for year using exponential smoothing with alpha

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Reference no: EM131305830

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

1 year ago 21,000

A) What is forecast for this year using a three-period weighted moving average with weights of 0.3, 0.2, and 0.1?

B) What is the forecast for this year using exponential smoothing with alpha =0.4, given the forecast for 3 years ago was 16,000? What is the MAD of your forecasts?

C) What is the forecast for this year using the linear trend equation?

Reference no: EM131305830

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