Question one The president of State University wants to forecast student enrollments for this academic year based on the following historical data: Year 5 years ago 4 years ago 3 years ago 2 years ago Last year Enrollments 15,000 16,000 18,000 20,000 21,000 a- What is the forecast for this year using a 3-year weighted moving average where the weights are halved in a descending order from newest to oldest ? b. What is the forecast for this year using the trend line for these data? c. using the MAD find which forecasting technique may be appropriate for this quetion
Question one The president of State University wants to forecast student enrollments for this academic year based on the following historical data: Year 5 years ago 4 years ago 3 years ago 2 years ago Last year Enrollments 15,000 16,000 18,000 20,000 21,000 a- What is the forecast for this year using a 3-year weighted moving average where the weights are halved in a descending order from newest to oldest ? b. What is the forecast for this year using the trend line for these data? c. using the MAD find which forecasting technique may be appropriate for this quetion
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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![Question one
The president of State University wants to forecast student enrollments for this
academic year based on the following historical data:
Year
Enrollments
5 years ago
4 years ago
3 years ago
2 years ago
Last year
15,000
16,000
18,000
20,000
21,000
a- What is the forecast for this year using a 3-year weighted moving average where the
weights are halved in a descending order from newest to oldest ?
b. What is the forecast for this year using the trend line for these data?
c. using the MAD find which forecasting technique may be appropriate for this quetion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe6c510a4-c765-41ac-96cd-05f6d7bdf235%2F9fe952f3-8dd3-4b64-919a-15b62c7f17d5%2Fmwcqj28_processed.png&w=3840&q=75)
Transcribed Image Text:Question one
The president of State University wants to forecast student enrollments for this
academic year based on the following historical data:
Year
Enrollments
5 years ago
4 years ago
3 years ago
2 years ago
Last year
15,000
16,000
18,000
20,000
21,000
a- What is the forecast for this year using a 3-year weighted moving average where the
weights are halved in a descending order from newest to oldest ?
b. What is the forecast for this year using the trend line for these data?
c. using the MAD find which forecasting technique may be appropriate for this quetion
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