Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table 3 4 5 6 7 8 9 10 11 5.00 4.00 11.00 9.00 6.00 9.00 12.00 14 00 17 00 Year 1 2 Registrations (000) 4.00 6.00 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 6 00 for year 1 (round your responses to one decimal place) Year 142 5 6 Forecast (000) 6.00 3 7 8 9 10 11 12 b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (a) 0.35 and a starting forecast of F, =600) 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 3 4 5 6 7 8 9 10 11 5.00 4.00 11.00 9.00 6.00 9.00 12.00 14 00 17 00 Year 1 2 Registrations (000) 4.00 6.00 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 6 00 for year 1 (round your responses to one decimal place) Year 142 5 6 Forecast (000) 6.00 3 7 8 9 10 11 12 b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (a) 0.35 and a starting forecast of F, =600) 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...
Related questions
Question
Plz 100% correct solution needed.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 5 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing