Question
Homework:HW 4.1: Forecasting Question 8, Problem 4.11 Part 1 of 2 HW Score: 42.86%, 6 of 14 points Points: 0 of 1 Save Question list
Homework:HW 4.1: Forecasting
Question 8, Problem 4.11
Part 1 of 2
HW Score: 42.86%, 6 of 14 points
Points: 0 of 1
Save
Question list
- Question 1
- Question 2
- Question 3
- Question 4
- Question 5
- Question 6
- Question 7
- Question 8
- Question 9
- Question 10
- Question 11
- Question 12
- Question 13
- Question 14
Question content area
Part 1
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) | 3.00 | 7.00 | 5.00 | 4.00 | 11.00 | 8.00 | 8.00 | 10.00 | 12.00 | 16.00 | 15.00 |
Part 2
a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant
()
of
0.30
and a starting forecast of
6.00
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) | 6.00 | enter your response here | enter your response here | enter your response here | enter your response here | enter your response here | enter your response here | enter your response here | enter your response here | enter your response here | enter your response here | enter your response here |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started