Forecast for year using exponential smoothing with trend

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Reference no: EM131673764

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 exponential smoothing with trend if a = 0.5 and B = 0.3?

Assume the forecast for last year was 21,000 and the forecast for two years ago was 19,000, and that the trend estimate for last years forecast was 1,500.

Please solve showing ( step in addition etc.)

Reference no: EM131673764

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