Data collected on the yearly registrations for a Six Sigmaseminar at the Quality College are shown in the following?table:
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
Registrations (000) | 5.00 | 7.00 | 3.00 | 5.00 | 9.00 | 9.00 | 7.00 | 11.00 | 13.00 | 14.00 | 12.00 |
a. Calculate the forecasted registrations for years 2 through 12using exponential smoothing, with a smoothing constant (?) of 0.40and a starting forecast for 5.00 year 1 (round your responses toone demical place):
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
Forecast (000) | 5.00 | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
b. Mean absolute deviation based on the forecast developed usingthe exponential smoothing method (with a smoothing constant (?) =0.40 and a starting forecast of F1 = 5.00) is _____registrations (round your response to one decimalplace)