Average Starting Salaries for Students Using a Placement Service at a University

question 54

Short Answer

Average starting salaries for students using a placement service at a university have been steadily increasing.A study of the last four graduating classes indicates the following average salaries: $60,000, $72,000, $84,500, and $96,000 (last graduating class).Predict the starting salary for the next graduating class using a simple exponential smoothing model with α = 0.25.Assume that the initial forecast was $55,000.

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Definitions:

Neuroticism

A personality trait characterized by anxiety, moodiness, worry, envy, and jealousy.

Neuroticism

A personality trait involving a long-term tendency to be in a negative or anxious emotional state, one of the five major traits in the Big Five personality traits model.

Personality Traits

Enduring characteristics or behaviors that delineate individual differences and influence one's actions across various situations.

Temperament

Patterns of arousal and emotionality that represent consistent and enduring characteristics in an individual.