Question: Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: Use exponential smoothing with

Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:
Use exponential smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar for years 2 through 12. To begin
the procedure, assume that the forecast for year 1 was 5,000 people signing up (round your responses to one decimal place):
a) What is the MAD?
Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant ()=0.3 and a
starting forecast of F1=5) is thousand registrations (round your response to one decimal place).
b) What is the MSE?
The mean squared error based on the forecast developed using the exponential smoothing method (with a smoothing constant ()=0.3 and a
starting forecast of F1=5) is (round your response to two decimal places).
 Data collected on the yearly registrations for a Six Sigma seminar

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