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 α = 0.25.Assume that the initial forecast was $55,000.

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The Answer of 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 α = 0.25.Assume that the initial forecast was $55,000.

Average Starting Salaries for Students Using a Placement Service at a University