The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: $$\begin{array} { l l }
\text { Year } & \text { Enrollment } \
\hline \text { Four years ago } & 2000 \
\text { Three years ago } & 2200 \
\text { Two years ago } & 2800 \
\text { Last year } & 3000
\end{array}$$ What is this year's forecast using the naive approach?
A) 2,000
B) 2,200
C) 2,800
D) 3,000
E) 4,300

Question

The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: $$\begin{array} { l l } 
\text { Year } & \text { Enrollment } \
\hline \text { Four years ago } & 2000 \
\text { Three years ago } & 2200 \
\text { Two years ago } & 2800 \
\text { Last year } & 3000
\end{array}$$ What is this year's forecast using the naive approach?
A) 2,000
B) 2,200
C) 2,800
D) 3,000
E) 4,300

Quizplus · Accepted Answer

The naive approach forecasts that the enrollment will be the same as the enrollment in the previous year, which was 3,000. Therefore, the answer is D.

The Dean of a School of Business Is Forecasting Total