Comparing Methods to Forecast College Enrollment

Comparing Methods to Forecast College Enrollment

Author: Leon Taylor

Publisher:

Published: 2019

Total Pages:

ISBN-13: 9781526473066

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This article discusses how to forecast college enrollment as well as the number of credit hours demanded. The case studies a university in Central Asia that despite a strong reputation has been losing enrollment for nearly a decade. The effects of demographics on enrollment appear stronger than those of such traditional factors as tuition and income; but enrollment and hours may also respond to such characteristics of the university as prerequisite courses that are difficult. The article compares three ways of forecasting enrollment and credits: a structural approach, which predicts the effects of such determinants as tuition and student traits; a univariate approach, which predicts enrollment based on past enrollment; and data mining, which discerns patterns in big datasets through such new models as artificial neural networks. Of the three approaches, the structural one may be the best at explaining enrollment changes but does not necessarily yield the most accurate forecasts, as measured by the percentage error in the modeĺs predictions of past enrollment.


Neural Network-based Time Series Forecasting of Student Enrollment with Exponential Smoothing Baseline and Statistical Analysis of Performance

Neural Network-based Time Series Forecasting of Student Enrollment with Exponential Smoothing Baseline and Statistical Analysis of Performance

Author: Friday James

Publisher:

Published: 2021

Total Pages:

ISBN-13:

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The sustainability of educational institutions generally depends largely on strategic planning, both in terms of optimal allocation of resources/manpower and budgeting for financial aids/scholarships to incoming students. Hence, forecasting of student enrollment plays a vital role in making crucial decisions based on previous time-bound records. This work demonstrates the power of neural network-based time series forecast over a traditional time series model and recommends the better network architecture between deep and shallow neural networks based on 25-year historical records of student enrollment in Programming Fundamentals from 1995 - 2020 at Kansas State University, Manhattan Campus. The study reveals that Vanilla Long Short-Term Memory (LSTM) model performs better than the deep neural network with Root Mean Square Errors (RMSE) of 0.11 and 0.24 respectively - both of which produced better results than the Single Exponential Smoothing baseline having a RMSE of 0.27. The study also carries out a statistical analysis of 5-year student performance based on weekly Labs, Projects and Mid-Terms using Analysis of Variance (ANOVA). The result shows the existence of differences in the yearly average performance of students. Post Hoc Tukey's pairwise multiple comparison tests reveals consistency in performance up to the period of the semester where possible dropouts would have occurred. Students' delay in tackling challenging projects also accounts for the significant differences in the mean scores.


Journal of International Students 2019 Vol 9 Issue 1

Journal of International Students 2019 Vol 9 Issue 1

Author: STAR Publications

Publisher: Lulu.com

Published: 2019-03-07

Total Pages: 378

ISBN-13: 0359464491

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Journal of International Students (JIS) is a quarterly publication on international education. JIS is an academic, interdisciplinary, and peer-reviewed publication (Print ISSN 2162-3104 & Online ISSN 2166-3750) on international student affairs. The journal publishes narrative, theoretical, and empirically-based research articles, student and faculty reflections, study abroad experiences, and book reviews relevant to international students and their cross-cultural experiences and understanding in international education.