The president of State University wants to forecast student enrollment for this academic year based on the following historical data:
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 | 20,000 |
| Last year | 21,000 |
What is the forecast for this year using exponential smoothing with alpha = 0.5, if the forecast for two years ago was 16,000?
