The president of State University wants to forecast student enrollments for this academic year based on the following historical data: $$\begin{array} { l l }
\text { Year } & \text { Enrollments } \
\hline \text { 5 years ago } & 15,000 \
4 \text { years ago } & 16,000 \
\text { 3 years ago } & 18,000 \
2 \text { years ago } & 20,000 \
\text { Last year } & 21,000
\end{array}$$ What is the forecast for this year using a four-year simple moving average?
A) 18,750
B) 19,500
C) 21,000
D) 22,650
E) 22,800

Question

The president of State University wants to forecast student enrollments for this academic year based on the following historical data: $$\begin{array} { l l } 
\text { Year } & \text { Enrollments } \
\hline \text { 5 years ago } & 15,000 \
4 \text { years ago } & 16,000 \
\text { 3 years ago } & 18,000 \
2 \text { years ago } & 20,000 \
\text { Last year } & 21,000
\end{array}$$ What is the forecast for this year using a four-year simple moving average?
A) 18,750
B) 19,500
C) 21,000
D) 22,650
E) 22,800

Quizplus · Accepted Answer

The four-year simple moving average is calculated by adding the enrollments for the last four years and dividing by 4. In this case, the four-year simple moving average is (18,000 + 20,000 + 21,000 + 22,000) / 4 = 18,750.

The President of State University Wants to Forecast Student Enrollments