Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: Year Registrations (000) a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) of 0.35 and a starting forecast of 5.00 for year 1 (round your responses to one decimal place): 2 4 6 Year Forecast (000) 1 5.00 1 2 3 4 5 6 7 8 9 10 11 5.00 7.00 5.00 6.00 11.00 7.00 7.00 11.00 11.00 12.00 12.00 3 5 7 8 9 10 11 12 ■
Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: Year Registrations (000) a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) of 0.35 and a starting forecast of 5.00 for year 1 (round your responses to one decimal place): 2 4 6 Year Forecast (000) 1 5.00 1 2 3 4 5 6 7 8 9 10 11 5.00 7.00 5.00 6.00 11.00 7.00 7.00 11.00 11.00 12.00 12.00 3 5 7 8 9 10 11 12 ■
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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Question
![Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:
1
2
3
4
5
6
7
Year
8 9 10 11
Registrations (000) 5.00 7.00 5.00 6.00 11.00 7.00 7.00 11.00 11.00 12.00 12.00
a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (α) of 0.35 and a
starting forecast of 5.00 for year 1 (round your responses to one decimal place):
4 5
6
Year
Forecast (000)
1 2
5.00
3
7
8
9
10
11
12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa532d6c3-fc4a-4c4d-b082-7cb1920e9739%2F67c6de7b-003c-4244-906a-9666d1347764%2Foce03hi_processed.png&w=3840&q=75)
Transcribed Image Text:Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:
1
2
3
4
5
6
7
Year
8 9 10 11
Registrations (000) 5.00 7.00 5.00 6.00 11.00 7.00 7.00 11.00 11.00 12.00 12.00
a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (α) of 0.35 and a
starting forecast of 5.00 for year 1 (round your responses to one decimal place):
4 5
6
Year
Forecast (000)
1 2
5.00
3
7
8
9
10
11
12
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