Question
Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: Year 1 2 3
Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
Registrations (000) | 5.00 | 7.00 | 5.00 | 5.00 | 9.00 | 8.00 | 7.00 | 10.00 | 13.00 | 14.00 | 17.00 |
Part 2
a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant
()
of
0.40
and a starting forecast of
4.00
for year 1 (round your responses to one decimal
place):
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
Forecast (000) | 4.00 | 4.44.4 | 5.45.4 | 5.35.3 | 5.25.2 | 6.76.7 | 7.27.2 | 7.17.1 | 8.38.3 | 10.210.2 | 11.711.7 | 13.813.8 |
Part 3
b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant
()
=
0.40
and a starting forecast of
F1
=
4.00)
is
enter your response here
registrations (round your response to one decimal place).
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