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 1 2 3 4 5 6 7 8 9 10 11 Registrations (000) 5.0 7.0 3.0 6.0 10.0 8.0 8.0 9.0 12.0 12.0 15.0
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 | 10 | 11 | 12 |
| Forecast |
|
|
|
|
|
|
|
|
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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
