Question: Seasonality problem: a university must develop forecasts for the next year's quarterly enrollments. It has collected quarterly enrollments for the past two years. It has

Seasonality problem: a university must develop forecasts for the next year's quarterly enrollments. It has collected quarterly enrollments for the past two years. It has also forecast total enrollment for next year to be 90,000 students. What is the forecast for each quarter of next year? Quarter Year 1 Seasonal Year Seasonal Avg. Year3 Index 2 Index Index Fall 24000 1.2 26000 1.238 1.22 27450 Winter 23000 22000 Spring 19000 19000 Summer 14000 17000 Total 80000 84000 90000 Average 20000 21000 22500 Wiley 2013 24

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