Question

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?

Answer 1