The following table represents the number of applicants at 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.
Definitions:
Private-Values Auction
A type of auction in which each bidder knows their own valuation of the item for sale, but this valuation is private and may differ from that of other bidders.
English Auction
A type of auction where bidders openly bid against one another, and the item is sold to the highest bidder.
Examine
To inspect or scrutinize carefully.
Vickrey Auction
A type of sealed-bid auction where the highest bidder wins but pays the price bid by the second-highest bidder.
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