Question: a- What is the forecast for this year using a 3-year weighted moving average where the weights are halved in a descending order from newest

a- What is the forecast for this year using a

a- What is the forecast for this year using a 3-year weighted moving average where the weights are halved in a descending order from newest to oldest ?

b. What is the forecast for this year using the trend line for these data? c. using the MAD find which forecasting technique may be appropriate for this quetion

The president of State University wants to forecast student enrollments 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 21,000 a- What is the forecast for this year using a 3-year weighted moving average where the weights are halved in a descending order from newest to oldest ? b. What is the forecast for this year using the trend line for these data? c. using the MAD find which forecasting technique may be appropriate for this quetion Last year

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

the president of state university wants to forecast student enrollment for this academic year based on the following historical data 5 years ago enrollment is 15000 , 4 years ago enrollment is 16000...

the president of state university wants to forecast student enrollments for this academic year based on the following historical data year enrollments 5 years ago 15000 4 years ago 16000 3 years ago...

For developing the forecast for year 12 if one wants to use the 3-year moving average approach, then the forecast will be the average of demand observed during years: . Using the 3-year moving...

Can you help me solving this and show me how to do it. Thank you The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 7 8 6 9 12 7 12 12 9...

The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 6 10 6 9 12 9 12 12 9 9 6 This exercise contains only parts b, c, and d. Part 2 b)...

The following table shows the actual demand observed over the last 11 years: n Year Demand 3 7 2 10 4. 7 5 13 6 7 7 12 8 14 9 9 10 11 11 6 This exercise contains only parts b, c, and d. b) Using the...

B Select the The following table shows the actual demand observed over the last 11 years 2 4 5 7 8 10 10 11 8 14 8 9 9 Year 1 3 6 11 Demand 7 10 6 13 7 This exercise contains only parts b, c, and d...

The Espresso Cart has had the following pattern of espresso sales over the last two weeks: Week 1 Week 2 Monday873Monday912 Tuesday904Tuesday859 Wednesday911Wednesday906 Thursday887Thursday900...

1. The owner of Limp Pines Resort wanted to know the average age of its clients. A random sample of 25 tourists is taken. It shows a mean age of 46 years with a standard deviation of 5 years. The...

a Multiple Choice 17-055 Question Workspace Exhibit 17-4 The Espresso Cart has had the following pattern of espresso sales over the last two weeks: Week1 Week 2 Monday 873 Monday 912 Tuesday 904...

A long-cherished dream of alchemists was to produce gold from cheaper and more abundant elements. This dream was finally realized when 19880Hg was converted into gold by neutron bombardment. Write a...

Firm As capital structure contains 20% debt and 80% equity. Firm Bs capital structure contains 50% debt and 50% equity. Both firms pay 7% annual interest on their debt. The stock of Firm A has a beta...

On January 1 , Year 1 , DIBA Company had a balance of \ ( \ $ 5 9 4 , 0 0 0 \ ) in its Bonds Payable account. During Year 1 , DIBA issued bonds with a \ ( \ $ 1 7 0 , 0 0 0 \ ) face value. There was...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...