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| partial credit, Problem 4.11 |
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Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:
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| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| Registrations (000) | 4.004.00 | 7.007.00 | 5.005.00 | 6.006.00 | 11.0011.00 | 9.009.00 | 8.008.00 | 10.0010.00 | 12.0012.00 | 12.0012.00 | 12.0012.00 |
a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant
(alpha)
of
0.350.35
and a starting forecast of
4.004.00
for year 1 (round your responses to one decimal
place):
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| Forecast (000) | 4.004.00 | 4.0 4.0 | 5.1 5.1 | 5.1 5.1 | 5.4 5.4 | 7.4 7.4 | 8.0 8.0 | 8.0 8.0 | 8.7 8.7 | 9.9 9.9 | 10.6 10.6 | 11.1 11.1 |
b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant
(alpha)
=
0.350.35
and a starting forecast of
Upper F 1F1
=
4.004.00)
is
6.8 6.8
registrations (round your response to one decimal place).
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