The following table represents the number of applicants at popular private college in the last four years. Assuming α = 0.2, β = 0.3, an initial forecast of 10,000 for 2007, and an initial trend adjustment of 0 for 2007, use exponential smoothing with trend adjustment to come up with a forecast for 2011 on the number of applicants.

Question

The following table represents the number of applicants at popular private college in the last four years.  Assuming α = 0.2, β = 0.3, an initial forecast of 10,000 for 2007, and an initial trend adjustment of 0 for 2007, use exponential smoothing with trend adjustment to come up with a forecast for 2011 on the number of applicants.

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The Answer of The following table represents the number of applicants at popular private college in the last four years.  Assuming α = 0.2, β = 0.3, an initial forecast of 10,000 for 2007, and an initial trend adjustment of 0 for 2007, use exponential smoothing with trend adjustment to come up with a forecast for 2011 on the number of applicants.

The Following Table Represents the Number of Applicants at Popular