Problem:
Enrollment in a particular class for the last six semesters had been 20, 30, 50, 40, 80 and 70.
Question 1) Develop a forecast of enrollment next semester using exponential smoothing with an alpha = 0.6 and use the naive method to start the exponential smoothing process (i.e., forecast for semester 2 = 20). 40 60 67 74 76
Solve the problem and show all work.