12 May 1. The president of State University wants to forecast student enrollment for Yea
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? 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 stu
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