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    Average starting salaries for students

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    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 9, 2019, 9:16 pm ad1c9bdddf
    https://brainmass.com/statistics/multivariate-time-series-and-survival-analysis/average-starting-salaries-students-179025

    Solution Summary

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

    $2.19