Question

If you had to forecast changing student demand for programs of study at a college or university for the next ten to twenty years, how would you go about doing that?

Answer 1

In order to forecast the changing demand for the student programs it is very important to understand about the change in the taste and the various industries are moving and for instance when you see the electric cars taking over the conventional automobiles you can actually understand there is a shift in demand from automobile cars to electric cars as a result of which the demand for the courses in that stream also changes. so in order to account for that we will take the help of the rapidly changing technology in the market scenario for the previous 10 years so that we can understand where the shift is going and based on the average data we can understand the forecast of how strong one particular course can become over the period of next 10 to 20 years.

apart from that for an individual area you can understand in which sector the area is actually prospering and for example when you take a country like India if it is prospering in manufacturing and when you take country like Israel which is prospering in the services you can understand the demand for services in Israel will grow in the demand for manufacturing in India will growas a result of which more demand for courses of manufacturing will tend to grow in India and will take to grow less in Israel. show the factors that are to be taken into consideration are existing educational scenario, the area in which the particular country is growing, the average growth rate across various courses over the past few years etc.