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 trend if α = 0.5 and β = 0.3? assume the forecast for last year was 21,000 and the forecast for two years ago was 19,000, and that the trend estimate for last year’s forecast was 1,500.
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