Question

Enrollments in community colleges have increased in recent years due to high tuition cost at state...

Enrollments in community colleges have increased in recent years due to high tuition cost at state and private universities. the following data shows the enrollment ( in hundreds) for Virginia Community College for the most recent years.

Year 1 - 41 Year 5 - 42    Year 9 -61

Year 2 - 46 Year 6 - 50    Year 10 - 63

Year 3 - 55 Year 7 - 54

Year 4 - 49   Year 8 - 55

a) Develop both 3-year and 4-year moving average to forecast the sales for week 11, Compute MAPE (% error)

b) Which appears to provide a better forecast for year 11 based on MAPE?

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Enrollments in community colleges have increased in recent years due to high tuition cost at state...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Because of high tuition costs at state and private universities, enrollments at community colleges have increased...

    Because of high tuition costs at state and private universities, enrollments at community colleges have increased dramatically in recent years. The following data show the enrollment (in thousands) for Jefferson Community College for the nine most recent years. Click on the datafile logo to reference the data. DATA file Enrollment (1,000s) Period (t) Year 2001 6.5 2002 2003 8.4 10.2 12.5 13.3 2004 2005 2006 2007 2008 2009 13.7 17.2 18.1 (b) Use simple linear regression analysis to find the...

  • INTRODUCTION: Colleges often report a combined tuition and fees figure. According to the College Board, the...

    INTRODUCTION: Colleges often report a combined tuition and fees figure. According to the College Board, the average cost of tuition for the 2017–2018 school year was $34,740 at private colleges, $9,970 for state residents at public colleges, and$25,620 for out-of-state residents attending public universities. Assumeaverage yearly tuition cost of instate residents of 4-yr. public college is (mu) “μ”>/= is $12070per year. (Null Hypothesis)) Research online (by going to at least 15 college websites) to find costs of different public colleges...

  • Please can you explain the formulas? You are 30 years old today and are considering studying...

    Please can you explain the formulas? You are 30 years old today and are considering studying for an MBA. You have just received your annual salary of $50,000 and expect it to grow by 3% per year (without earning an MBA). MBAs typically earn $80,000 per year upon graduation, with salaries growing by 4% per year. The MBA program you're considering is a full-time, 2-year program that costs $30,000 per year, payable at the end of each study year. You...

  • Business Statistics

    Alumni donations are an important source of revenue for college and universities. If administrators could determine the factors that could lead to increases in thepercentage of alumni who make a donation, they might be able to implement policies that could lead to increased revenues. Research shows that students who are moresatisfied with their contact with teachers are more likely to graduate. As a result, one might suspect that smaller class sizes and lower student-faculty ratios mightlead to a higher percentage...

  • 1. Analyze a mixed cost using the high-low method. 2. Prepare an income statement for a...

    1. Analyze a mixed cost using the high-low method. 2. Prepare an income statement for a merchandising company using the contribution format. Excel Assignment 2 Chapters 4 - 6) Saved Calori LI Paste BIU- " AA A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells 2 Clipboard Font A1 v f Jay Corporation has decided to prepare contribution income statements for v A с E F G 8.33 points Jay Corporation has decided to prepare contribution Income...

  • Assignment Brief You have been appointed as a business analyst at Carlson Department Store. Your first project is to provide an analysis for an insurance claim for the company’s loss of sales for quar...

    Assignment Brief You have been appointed as a business analyst at Carlson Department Store. Your first project is to provide an analysis for an insurance claim for the company’s loss of sales for quarter 4 of last year due to a hurricane last summer. In your analysis, you are to make appropriate recommendations in relation to sales the company would have had. A. Background The Carlson Department Store suffered heavy damage after a hurricane struck late last summer. The store...

  • Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You...

    Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You are the senior accounting faculty member in the business school and your dean, Dean Weller, is asking for help. She is very discouraged after a midyear budget meeting with the Vice President of Finance. The college's Department of Social Work has a large budget deficit, and because of this the VP is inclined towards closing the department entirely or closing its bachelor's program. The...

  • a.   Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer...

    a.   Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer this question by using a math formula and also by using the Excel function wizard. Inputs: PV = 1000 I/YR = 10% N = 5 Formula: FV = PV(1+I)^N = Wizard (FV): $1,610.51 Note: When you use the wizard and fill in the menu items, the result is the formula you see on the formula line if you click on cell E12. Put the...

  • Using the information from P 2–8, prepare and complete a worksheet similar to Illustration 2A–1. Use the information in...

    Using the information from P 2–8, prepare and complete a worksheet similar to Illustration 2A–1. Use the information in the worksheet to prepare an income statement and a statement of shareholders’ equity for 2021 and a balance sheet as of December 31, 2021. Cash dividends paid to shareholders during the year amounted to $6,000. Also prepare the necessary closing entries assuming that adjusting entries have been correctly posted to the accounts. P 2-8 Adjusting entries LO2-6 Excalibur Corpoation ells video...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT