Average starting salaries for students using a placement service at a university have been steadily increasing. A study of three graduating classes indicates the following average starting salaries:
Year Actual Forecast
2002 $20,000 $20,000
2003 $22,000 $20,000
2004 $23,000 ?
18. What is the forecast for the starting salary of the graduating class of 2004 using an exponential smoothing model with α = 0.2?© BrainMass Inc. brainmass.com October 1, 2020, 9:27 pm ad1c9bdddf
The solution provides step-by-step details on how to calculate the average starting salaries for students.