In: Other
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?