The president of State University wants to forecast student enrollment for Year 4. 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 4?
The president of State University wants to forecast student enrollment for Year 4. 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 4?
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