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The president of State University wants to forecast student enrollment for this academic year based on...

The president of State University wants to forecast student enrollment for this academic year based on the following historical data:

Year

Enrollments

5 years ago

15,000

4 years ago

16,000

3 years ago

18,000

2 years ago

20,000

Last year

21,000


What is the forecast for this year using exponential smoothing with alpha = 0.5, if the forecast for two years ago was 16,000?

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