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Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table. Year 1 2 Registrations
Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table. Year 1 2 Registrations (000) 5 5 3 4 5 6 7 8 9 10 11 3 6 9 7 8 9 11 16 12 This exercise contains only part c. c) The graph to the right shows the actual registrations, registrations forecasted using a 3-year moving average, and registrations forecasted using a 3-year weighted moving average. Which method seems to be able to forecast better? (Refer to the legend or hover your mouse over any plot.) A. A 3-year moving average is significantly better. B. A 3-year weighted moving average is significantly better. C. The forecasts are about the same.
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