Question: 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
Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:
Year
Registrations
Part
Use exponential smoothing with a smoothing constant of to forecast the registrations at the seminar for years through To begin the procedure, assume that the forecast for year was comma people signing up round your responses to one decimal place:
Year
Forecast
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
Part
a What is the MAD?
Mean absolute deviation based on the forecast developed using the exponential smoothing methodwith a smoothing constant alphaequals and a starting forecast of Upper F equals is
enter your response here thousand registrations round your response to one decimal place
Part
b What is the MSE?
The mean squared error based on the forecast developed using the exponential smoothing methodwith a smoothing constant alphaequals and a starting forecast of Upper F equals is
enter your response here round your response to two decimal places
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