Question: Problem 4.11 Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: Year 1
| Problem 4.11 |
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) | 4.00 |
7.00
4.00
5.00
10.00
8.00
7.00
9.00
12.00
14.00
15.00
a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant
(alpha
)
of
0.30
and a starting forecast of
6.00
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) | 6.00 |
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