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A. Below is the average increase in college tuition over the last 10 years. Using 2001 as the base year, calculate the relative indexes: (Copy

A. Below is the average increase in college tuition over the last 10 years. Using 2001 as the base year, calculate the relative indexes:

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Item

Price $(1,000)

Relative Index

2001

57.900

2002

59.908

2003

64.669

2004

70.831

2005

79.623

2006

90.323

2007

99.723

2008

109.938

2009

119.923

2010

123.631

B. Below is the monthly sales revenue in dollars in toliet paper sells. Using = .05 and exponential smoothing, calculate from 2001 to 2010, plus month 2011's revenue.

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Index

$(000)

Exponent.

2001

57

57.00 example

2002

60

57.00 example

2003

65

2004

71

2005

79

2006

90

2007

99

2008

110

2009

119

2010

124

2011

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