Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: 1 2 3 4 5 6 Year Registrations (000) 5.00 7.00 5.00 6.00 11.00 7.00 a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) of 0.35 and a starting forecast of 5.00 for year 1 (round your responses to one decimal place): Year 1 Forecast (000) 5.00 2 5.0 3 4 5.7 5.5 7 8 9 10 11 7.00 11.00 11.00 12.00 12.00 5 5.6 6 7 8 7.5 7.3 7.2 9 8.5 10 11 9.4 10.3 12 11.00 b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (x) = 0.35 and a starting forecast of F₁ = 5.00) is registrations (round your response to one decimal place).
Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: 1 2 3 4 5 6 Year Registrations (000) 5.00 7.00 5.00 6.00 11.00 7.00 a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) of 0.35 and a starting forecast of 5.00 for year 1 (round your responses to one decimal place): Year 1 Forecast (000) 5.00 2 5.0 3 4 5.7 5.5 7 8 9 10 11 7.00 11.00 11.00 12.00 12.00 5 5.6 6 7 8 7.5 7.3 7.2 9 8.5 10 11 9.4 10.3 12 11.00 b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (x) = 0.35 and a starting forecast of F₁ = 5.00) is registrations (round your response to one decimal place).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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