Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: Year 89 1 2 3 4 5 6 7 10 11 Registrations (000) 4.00 6.00 4.00 5.00 10.00 8.00 7.00 9.00 12.00 14.00 15.00 a) Calculate forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) of 0.30 and a starting forecast of 5.00 for year 10 decimal place) Year Forecast (000) 1 5.00 2 3 4 5 6 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 89 1 2 3 4 5 6 7 10 11 Registrations (000) 4.00 6.00 4.00 5.00 10.00 8.00 7.00 9.00 12.00 14.00 15.00 a) Calculate forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) of 0.30 and a starting forecast of 5.00 for year 10 decimal place) Year Forecast (000) 1 5.00 2 3 4 5 6 7 8 9 10 11 12
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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