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 enroll- ment (in thousands) for Jefferson Community College from 2001–2009: Year 2001 Period ( t ) 1 Enrollment (1000s) 6.5 2002 2 8.1 2003 3 8.4 2004 4 10.2 2005 5 12.5 2006 6 13.3 2007 7 13.7 2008 8 17.2 2009 9 18.1 Construct a time series plot. What type of pattern exists in the data? Use Excel Solver or LINGO to find the parameters for the line that minimizes MSE this time series. What is the forecast for 2010?
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