The president of State University wants to forecast student enrollment for this academic year based on the following historical data:
$$\begin{array} { | c | c | }
\hline \text { Year } & \text { Enrollnents } \
\hline 5 \text { years ago } & 15,000 \
\hline 4 \text { years ago } & 16,000 \
\hline 3 \text { years ago } & 18,000 \
\hline \text { 2 years ago } & 20,000 \
\hline \text { Luast year } & 21,000 \
\hline
\end{array}$$
What is the forecast for this year using the last-value forecasting method?
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 enrollment for this academic year based on the following historical data:
$$\begin{array} { | c | c | } 
\hline \text { Year } & \text { Enrollnents } \
\hline 5 \text { years ago } & 15,000 \
\hline 4 \text { years ago } & 16,000 \
\hline 3 \text { years ago } & 18,000 \
\hline \text { 2 years ago } & 20,000 \
\hline \text { Luast year } & 21,000 \
\hline
\end{array}$$
What is the forecast for this year using the last-value forecasting method?
A) 18,750
B) 19,500
C) 21,000
D) 22,650
E) 22,800

Quizplus · Accepted Answer

The last-value forecasting method predicts the future value as being the same as the last observed value, which is 21,000 in this case.

The President of State University Wants to Forecast Student Enrollment