Question: Data collected on the yearly registrations for a Six SIgma seminar at Brooklyn College are shown in the following table: Year 1 2 3 4

Data collected on the yearly registrations for a Six SIgma seminar at Brooklyn College are shown in the following table:

Year 1 2 3 4 5 6 7 8 9 10 11

Registrations (x1000) 4 6 4 5 10 8 7 9 12 14 15

Using Excel QM or QM Windows, run Exponential Smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar in Year 12 to 2 decimal places. Assume that the forecast for Year 1 was 5000 people

11.79

11.77

110.55

12.01

11.69

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!