Question

(a) Use exponential smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar given in Problem 4.10. To begin the procedure, assume that the forecast for year 1 was 5,000 people signing up.
In Problem 4.10, Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:


(b) What is theMAD?


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  • CreatedJuly 15, 2013
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