The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: YearEnrollmentFour years ago2000Three years ago2200Two years ago2800Last year3000What is this year's forecast using a three-year simple moving average? a. 2,600b. 2,400c. 2,667d. 2,500e. 2,333

For Period t, let the particular enrollment be At and Forecast be Ft For 3 year moving average,-Ft =…

Answered: The dean of a school of business is…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data:

Year	Enrollment
Four years ago	2000
Three years ago	2200
Two years ago	2800
Last year	3000

What is this year's forecast using a three-year simple moving average?

a. 2,600

b. 2,400

c. 2,667

d. 2,500

e. 2,333

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