Question: Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: O 3 4 7

Data collected on the yearly registrations for a

Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: O 3 4 7 8 9 Year Registrations (000) 1 4.0 2 2 6.0 5 10.0 6 9.0 10 12.0 11 17.0 4.0 4.0 6.0 9.0 13.0 This exercise contains only parts a and b. a) Using a 3-year moving average, the forecasted registrations (in thousands) for years 4 through 12 are (round your responses to one decimal place): Year 4 5 6 7 8 9 11 12 10 9.3 Forecast 4.66 4.66 6 7.6 8.3 8 11.3 14 b) Using a 3-year weighted moving average in which the registrations in the most recent year are given a weight of 2, and registrations in the other 2 years are each given a weight of 1, the forecasted registrations (in thousands) for years 4 through 12 are (round your responses to one decimal place): 4 5 6 7 8 9 10 11 12 Year Forecast

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!