Suppose that the College of Business and Entrepreneurial Technology had the following record of its growth of enrolment from 2015 to 2022.  2. Forecast the 2023 enrolment using exponential smoothing forecast if alpha was 0.6 and the previous forecast for 2022 was 5,500.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section1.4: Fractional Expressions
Problem 66E
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Suppose that the College of Business and Entrepreneurial Technology had the following record of its growth of enrolment from 2015 to 2022. 


2. Forecast the 2023 enrolment using exponential smoothing forecast if alpha was 0.6 and the previous forecast for 2022 was 5,500.

 

*** Need as soon as possible pls. Thanks.

Year
2015
2016
2017
2018
Enrolment
1,200
1,500
2,000
2,500
Year
2019
2020
2021
2022
Enrolment
3,000
5,800
6,000
7,000
Transcribed Image Text:Year 2015 2016 2017 2018 Enrolment 1,200 1,500 2,000 2,500 Year 2019 2020 2021 2022 Enrolment 3,000 5,800 6,000 7,000
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