=e. As these next years go on, conditions change for the worse at Ivy College. The favorable

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=e. As these next years go on, conditions change for the worse at Ivy College. The favorable ratings in the national surveys that had propelled the growth in applications turn unfavorable. Consequently, the number of applications turn out to be 6,300 in year 4 and 6,200 in year 5, followed by sizable drops to 5,600 in year 6 and 5,200 in year 7. Does it still make sense to use the forecast for year 8 obtained in part d? Explain.

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