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 a three-year simple moving average?
A) 2,667
B) 2,600
C) 2,500
D) 2,400
E) 2,333

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 a three-year simple moving average?
A) 2,667
B) 2,600
C) 2,500
D) 2,400
E) 2,333

Quizplus · Accepted Answer

The three-year simple moving average is calculated by averaging the enrollments of the last three years: (2200 + 2800 + 3000) / 3 = 2,667.

The Dean of a School of Business Is Forecasting Total