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?

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