Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant
Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant
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:
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
Registrations (000)
|
5.00
|
6.00
|
3.00
|
5.00
|
10.00
|
8.00
|
8.00
|
9.00
|
11.00
|
16.00
|
17.00
|
Part 2
a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant
(α)
of
0.40
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
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
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