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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: Year 1 2 3 4 5 6 7 8 9 10 11 Registrations (000) 5.00 5.00 3.00 5.00 10.00 9.00 7.00 10.00 13.00 14.00 15.00 a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) 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

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 5.00 3.00 5.00 10.00 9.00 7.00 10.00 13.00 14.00 15.00 a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) 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

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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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: Year 1 2 3 4 5 6 7 8 9 10 11 Registrations (000) 5.00 5.00 3.00 5.00 10.00 9.00 7.00 10.00 13.00 14.00 15.00 a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) 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
Transcribed Image Text: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 5.00 3.00 5.00 10.00 9.00 7.00 10.00 13.00 14.00 15.00 a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) 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
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