Develop a forecast of enrolment beginning

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Reference no: EM133026977

Question - Suppose that the Perpetual Help College of Rizal had the following record of its growth of enrollment from 2011 -2020.

Year

Enrolment

Year

Enrolment

2011

5,200

2016

7,000

2012

5,500

2017

8,800

2013

6,000

2018

9,400

2014

6,500

2019

9,600

2015

6,800

2020

10,500

Required -

a) Develop a forecast of enrolment beginning 2014 to 2021 using 3-years moving average forecast model.

b) Using weights of .50 for the most recent data, .30 to the second recent data, and .20 to the 3 months old data, develop a forecast beginning 2014 to 2021 using 3 years weighted moving average forecast model.

c) Using exponential smoothing and smoothing constant of .30 and 2011 previous forecast of 5200, develop a forecast of enrolment from 2012 to 2021.

d) Forecast enrollment using Trend line Projection from 2011 to 2021.

e) Evaluate forecast accuracy of each forecast model using MSE. Which model should you recommend?

Reference no: EM133026977

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