The viability of Freeman's Recursive Adjustment Model as a management tool for explaining and predicting enrollments and the job market is examined using macro and micro cases. To establish a relationship between college attendance and the college job market, Freeman employed a 3-equation model to analyze the causative supply and demand determinants. Freeman's equations and published and unpublished data are used to ascertain the goodness of fit for the entire United States, the entire state of Oregon, the University of Oregon, and two major departments at the University of Oregon (business and psychology). Freeman's model is presented, its application is discussed, and the method utilized to test Freeman's model is described. The study results suggest that Freeman's model for explaining college enrollments and graduate job market could be effectively employed by university administrators and institutional researchers to help analyze the major determinants in college attendance. The model might be more valid for the larger macro entities, such as national, state, or university, than it is for the smaller micro entities. The study results indicate that the degree of fit for the model on the micro level will vary considerably from university department to university department and on the general availability of the required data. (SC)