The president of state university wants to forecast student

Want answers to the assignment Below?

Text or Whatsapp Olivia at +1 (307) 209-4351


 

Place your order today at a 20% discount

1. The president of State University wants to forecast student enrollment for Year 3. Using exponential smoothing with trend, the forecast for the current year (Year 1) is 20,000. Assume the estimated trend is 1,500. What is the forecast for Year 3?

Don't use plagiarized sources. Get Your Custom Essay on
The president of state university wants to forecast student
From Just $13/Page
Order Essay

18,500.

20,000.

21,500.

23,000.

24,500.

2. Which of the following statements are true?

Exponential smoothing with trend requires selection of two smoothing constants.

Judgmental forecasting methods have been developed to interpret statistical data.

The sales force composite method is a top-down approach to forecasting.

The moving-average forecasting method assigns unequal weights to each value in the average.

None of the above

3. Which of the following are features of a normal distribution?

Symmetric shape

Considerable skewness

Cannot be used to represent sample means

Cannot be used to describe a random variable

All of the above

4. Which of the following statements is true with regard to linear regression?

It is used to predict the value of an independent variable.

It can be used to calculate a trend line.

The slope must be less than or equal to 1.

A y-intercept value is not necessary.

All of the above

5. Gradual, long-term movement in time-series values is called:

temporal variation.

cyclical movement.

exponential smoothing.

linear regression.

None of the above.

6. In exponential smoothing with trend, the forecast consists of:

an exponentially smoothed forecast and a smoothed trend factor.

the old forecast adjusted by a trend factor.

the old forecast and a smoothed trend factor.

a moving-average and a trend factor.

None of the above

7. The president of State University wants to forecast student enrollment for this academic year based on the following historical data:
Year
Enrollments
5 years ago
15,000
4 years ago
16,000
3 years ago
18,000
2 years ago
18,000
Last year
16,000

8. What is the forecast for this year using exponential smoothing with alpha = 0.5, if the forecast for two years ago was 16,000?

16,500

17,000

17,500

18,000

None of the above

9. Two different forecasting methods are applied to the same data set. If the Mean absolute deviation is higher for the second method and the Mean square error is higher for the first method, what does this indicate?

Both methods produce acceptable error rates.

The second method is more accurate than the first method.

The first method produces more extreme errors than the second method.

The error measure for the first method is more difficult to interpret.

None of the above

10. Which of the following statements is true regarding the Mean absolute deviation measure and the Mean square error measure?:

The values for both measures are unchanged if the forecasting method is changed.

Both are measures of seasonal variation.

Lower values of these measures reflect more accurate forecasting methods.

The Mean absolute deviation measure places greater weight on large errors.

None of the above.

11. Which of the following is an example of a seasonal pattern in data?

The data values are continually increasing with time.

The data exhibits an exponentially smoothed pattern.

The average sales on Monday is higher than the average daily sales.

The volume of calls is dependent upon the product release schedule.

None of the above

12. In order to increase the responsiveness of a forecast made using the moving-average method, the number of values in the average should be:

multiplied.

increased.

decreased.

held stable.

None of the above

Using the following data, what is the moving-average forecast for the next period using a three period model?

Period
Demand

1
75

2
80

3
85

4
90

80

85

90

95

None of the above

ORDER ASSIGNMENT

About ASAP Essays

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order

CLICK HERE  To order your paper

About ASAP ESSAYS writing service

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for upto 20% off in their first Order. Our payment method is safe and secure.

CLICK HERE  To order your paper

Order your Assignment today and save 15% with the discount code ESSAYHELP

X