A community college is planning to use the exponential smoothing method to forecast freshman…

A community college is planning to use the exponential
smoothing method to forecast freshman applications for the fall semester of
each year. Past 5-year data on the actual number of applications received
during 2011–2015 are given in Table 2.12. a. Beginning with an initial forecast
of 5000 for 2011 and _ = 0.2, determine the forecasts for the years 2012,
2013, 2014, and 2015. b. Calculate MAD and Bias for the 5-year period
2011–2015. c. Calculate the tracking signals for the 5 years. d. Determine the
forecasts for the years 2016, 2017, and 2018.

Table 2.12