Discuss in general terms how forecasting might be used for planning to address these specific problems and the role of forecasting in initiating a TQM approach. Include in your discussion the types of forecasting methods that might be used.

During the past few years the legislature has severely reduced funding for State University. In reaction, the administration at State has significantly raised tuition each year for the past five years. A bargain five years ago, State is now considered an expensive state-supported university. Some parents and students now question the value of a State education, and applications for admission have declined. Since a portion of state educational funding is based on a formula tied to enrollments, State has maintained its enrollment levels by going deeper into its applicant pool and accepting less qualified students.