The admissions data for freshmen at a college in the past 10 years are as follows:...

The admissions data for freshmen at a college in the past 10 years are as follows:

Year	Applications	Offers	Acceptances	% Goal for entering class
2003	13,876	12,002	4,405	104.9%
2004	14,993	11,858	4,494	107.0%
2005	14,941	11,006	4,193	99.8%
2006	16,285	11,894	4,662	97.1%
2007	17,180	12,015	4,926	102.6%
2008	16,517	11,975	4,826	100.5%
2009	17,642	11,545	4,780	99.6%
2010	18,207	12,241	5,117	100.3%
2011	18,038	11,902	5,035	98.7%
2012	18,855	11,742	5,014	98.3%

Plot the number of applications.
Develop a trend model to forecast the number of applications for next year. Calculate the R² of that model and the estimated number of applications for the next year.
Plot the percentage of acceptances relative to the number of offers made (acceptance yield).
Develop a trend model to forecast next year’s acceptance yield. Calculate the R² of that model and the estimated yield for next year.
Assume that the college is planning for an entering class of 5,000 freshmen for each of the next two years and a class of 5,300 in the following year. What is the number of offers it should make in each year? Is it getting tougher to get into this college?

use excel AND SHOW EXCEL FORMULAS

Expert Solution

keosha answered 1 year ago

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