The president of State University wants to forecast student enrollment for this academic year based on the following historical dа ta: 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?
a) 18,750
b) 19,500
c) 21,000
d) 22,650
e) None of the above
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