Question: please show all work all rought work as well Question 7 (2 marks) The president of Northern University wants to forecast student enrolments for this
please show all work all rought work as well
Question 7 (2 marks) The president of Northern University wants to forecast student enrolments for this academic year based on the following historical data: YEAR ENROLMENTS 5 years ago 15,000 4 years ago 16,000 3 years ago 18,000 2 years ago 20.000 Last year 21.000 a) What is the forecast for this year using the naive approach? b) What is the forecast for this year using a three period moving average
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
