The president of State University wants to forecast student enrollments for this Yearacademic year based on the following historical data:5 years ago4 years ago3 years ago2 years ago Last yearEnrollments15.00016.000 18.00020.000 21.000a- 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 oneThe president of State University wants to forecast student enrollments for thisacademicbased on the following historical data:EnrollmentsyearYear15,0005 years ago4 years ago3.16,00018,000years ago2 years agoLast year20,00021,000a- What is the forecast for this year using a 3-year weighted moving average where theweights 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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Answered: What is the forecast for this year…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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The president of State University wants to forecast student enrollments for this Year

academic year based on the following historical data:

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
based on the following historical data:
Enrollments
year
Year
15,000
5 years ago
4 years ago
3.
16,000
18,000
years ago
2 years ago
Last year
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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