Forecasting Method Would Accurate Higher Education Institution May Forecasting Strategies Q34321375

Which forecasting method would be most accurate for a highereducation institution? How may other forecasting strategies beeffective in this industry?

Expert Answer

A higher education institution can make use of simple linearregression as well as multilinear regression in order to make thebest possible use of the process of forecasting especially sincethe institute represents historical data as well as current datawhich changes ever so slightly with every new forecastingmonth.

We can say that organizations in this particular industry canalso make use of trend adjusted smoothing as well since it takesinto account any sudden changes in the data rather than usingmoving averages or naive