Explore BrainMass

Explore BrainMass

    Average starting salaries for students

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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

    Solution Summary

    The solution provides step-by-step details on how to calculate the average starting salaries for students.