Question: Average starting salaries for students using a placement service at a university have been steadily increasing. A study of the last four graduating classes indicates

Average starting salaries for students using a
Average starting salaries for students using a placement service at a university have been steadily increasing. A study of the last four graduating classes indicates the following average salaries: $ 39,215 ; $ 28,764 ; $ 30,811 ; and $ 38,819 (last (graduating class Predict the starting salary for the next graduating class using a simple exponential smoothing model with a = 0.37. Assume that the initial forecast was $ 39,215 (so that the forecast and the actual .(were the same

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