Question: The admission data for freshmen at Tech during the past 10 years are as follows: Techs admission objective is a class of 5,000 entering freshmen,

The admission data for freshmen at Tech during the past 10 years are as follows:

Tech€™s admission objective is a class of 5,000 entering freshmen, and Tech wants to forecast the percentage of offers it will likely have to make in order to achieve this objective.
a. Develop a linear trend line to forecast next year€™s applicants and percentage of acceptances and use these results to estimate the percentage of offers that Tech should expect to make.
b. Develop a linear trend line to forecast the percentage of offers that Tech should expect to make and compare this result with the result in (a). Which forecast do you think is more accurate?
c. Assume that Tech receives 18,300 applicants in year 11. How many offers do you think it should make to get 5,000acceptances?

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