Essay
The following table represents the number of applicants at a 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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Correct Answer:
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2011 Fore...View Answer
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