Question: QUESTION 2 Average starting salaries for students using a placement service at a university have been steadily increasing. A study of the last four graduating

QUESTION 2 Average starting salaries for students

QUESTION 2 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: $60,000, $72,000, $84,500, and $96,000 (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 $55,000. TT T Arial 3 (12pt) T ABC Path:p Words:0

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