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The following table represents the number of applicants at a popular private college in the last four years.

Month   New members
2007   10,067
2008   10,940
2009   11,116
2010   10,999

Assuming α = 0.2, β = 0.3, an initial forecast of 10,000 for 2007, and an initial trend adjustment of 0 for 2007, use exponential smoothing with trend adjustment to come up with a forecast for 2011 on the number of applicants.
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Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
Authors:
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