The president of State University wants to forecast student enrollment for this academic year based on the following historical data:ТearEnrollments5 years ago15,0004 years ago16,0003 years ago|2 years ago18,00020,000Last year21,000What is the forecast for this vear using exponential smoothing with trend If a= 0.5 and 8= 0.3? Assume the forecast for last vear was 21.000 and the forecast for two vears ago was 19.000, and that the trend estimate for last vear's forecast was 1.500.Multiple Choice21,00019,50018,75022,50022,800ооо оо

Formula for Calculating Present year forecast : Ft=Ft-1 +αAt-1-Ft-1 Where t is the present year, and…

The president of State University wants to forecast student enrollment for this academic year based on the following historical data: Tear Enrollments 5 years ago 15,000 16,000 4 years ago 3 years ago |2 years ago 18,000 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 year's forecast was 1,500. Multiple Choice 21,000 19.500 18,750 22,500 22,800 ооо о с

The president of State University wants to forecast student enrollment for this academic year based on the following historical data: Tear Enrollments 5 years ago 15,000 16,000 4 years ago 3 years ago |2 years ago 18,000 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 year's forecast was 1,500. Multiple Choice 21,000 19.500 18,750 22,500 22,800 ооо о с

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Related questions

Q: My App is a small but growing start-up that sees demand for several of its apps increasing quickly.…

A: a) From the given information, the smoothing parameter is 0.30. Given that the forecast for the…

Q: Over the past three decades, the cost of college has increased at a much greater rate than the CPI.…

A: Introduction: Consumer price index or CPI is an index based on the weighted mean of the prices of a…

Q: In 2010, a new type of computer was introduced and approximately 20 million were sold. In 2011, the…

Q: The following data are the last three years of quarterly sales ($ thousands) for AmeriWeld. They are…

A: Given that -

Q: The U.S. import of wine (in hectoliters) for several years is given in the table below. Determine…

Q: The bar graph below shows trends in several economic indicators over the period 2003-2008. Over the…

A: Answer:- Given bar graph is,

Q: In Colorado, sales of medical marijuana began in November 2012; however, the Department of Revenue…

A: The provided information is as follows:Data is given for the revenue from Feb 14 to October 18.The…

Q: The librarian at a local school collected data on the number of students using the library after…

A: the number of sutdent greatest in week number 22 and for that the trend is underpredict because…

Q: orecast for this year using a 3-year weighted moving average where the weights are halved in a…

A: The given historical data for student enrollments for the past 5 years is as follows:5 years ago:…

Q: The table and graph below both display the percentage of people in the United States who do not have…

A: The given data is Year 1963 1968 1994 2012 Percent without Health Insurance 24.3% 14.5% 15.8%…

Q: Twins Twins are often born after a pregnancy that lastsless than 9 months. On the next page is a…

A: a. The graph of the percentage of preterm twin births in United States over the past 20 years is…

Q: Required: 1. Which age categories predicts the lowest percentage of uncollectible accounts for Year…

A: Given:-

Q: The number of married people in a country (in millions) and the total number of adults in the…

A: given , table ---> year married (in millions) total(in millions) 1990 110.4 187.4 1997…

Q: Assuming the lowest decile of men receive an average of $800/month in Social Security, while the…

A: Introduction:Observe the “Born in 1940” curve in the given graph. The average of the lowest decile,…

Q: Consider the following estimated trend models. Use them to make a forecast for t= 22. a. Linear…

A: Given t=22

Q: The diagram below illustrates the number of moose (red curve) and wolves (blue curve) between 1960…

A: The diagram below illustrates the number of moose (red curve) and wolves (blue curve) between 1960…

Q: Suppose that the cumulative relative frequency table below shows the data on female life expectancy…

A: The median is the middle most value of the observations.

Question

The president of State University wants to forecast student enrollment for this academic year based on the following historical data:
Тear
Enrollments
5 years ago
15,000
4 years ago
16,000
3 years ago
|2 years ago
18,000
20,000
Last year
21,000
What is the forecast for this vear using exponential smoothing with trend If a= 0.5 and 8= 0.3? Assume the forecast for last vear was 21.000 and the forecast for two vears ago was 19.000, and that the trend estimate for last vear's forecast was 1.500.
Multiple Choice
21,000
19,500
18,750
22,500
22,800
ооо оо

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Time Series Analyses, Forecasting Methods, and Indices$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.

Similar questions

John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)
7. The following table represents the new members that have been acquired by a fitness center. Month New members Jan Feb March April 45 60 57 65 Assuming a = 0.3, ß = 0.4, an initial forecast of 40 for January, and an initial trend adjustment of 0 for January, use exponential smoothing with trend adjustment to come up with a forecast for May on new members.
5. Management of a home appliance store wants tounderstand the growth pattern of the monthly sales of a new technology device over the past two years.The managers have recorded the relevant data inthe file P13_05.xlsx. Have the sales of this devicebeen growing linearly over the past 24 months? Byexamining the results of a linear trend line, explainwhy or why not.
the table shows the percent of households with internet access for selected years from 2009 and projected through 2015. Year Percent of households 2009 67 2010 70 2011 72.5 2012 75 2013 76.5 2014 77.2 2015 78 Use the model to predict the percent of households with internet access in 2022.
Eloise needs to finish a 516-page report on international trade so she can present it at the big conference this weekend. She's been tracking her page count at the end of each business day to see if she's on track. Use Excel to fit a trendline to Eloise's data to create a model of her productivity. According to your model, will Eloise be able to finish her report by the end of the day next Friday? Assume she works only on weekdays. Day Pages Monday 425 Tuesday 431 Wednesday 449 Thursday 464 Friday 471 A: Use Excel to fit a trendline to Eloise's data. What are the slope and intercept for this line? The slope is The intercept is B: Use your model (trendline) to answer the question. Will Eloise finish her report by the end of next friday? Yes