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: $ 37,479 ; $ 34,867 ; $ 34,871 ; and $ 26,922 (last graduating class).

Predict the starting salary for the next graduating class using a simple exponential smoothing model with = 0.25. Assume that the initial forecast was $ 37,479 (so that the forecast and the actual were the same).

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: $ 37,479 ; $ 34,867 ; $ 34,871; and $ 26,922 (last graduating class Predict the starting salary for the next graduating class using a simple exponential smoothing model with a = 0.25. Assume that the initial forecast was $ 37,479 (so that the .(forecast and the actual were the same