Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table 3 4 5 6 7 8 9 10 11 5.00 4.00 11.00 9.00 6.00 9.00 12.00 14 00 17 00 Year 1 2 Registrations (000) 4.00 6.00 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 6 00 for year 1 (round your responses to one decimal place) Year 142 5 6 Forecast (000) 6.00 3 7 8 9 10 11 12 b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (a) 0.35 and a starting forecast of F, =600) is registrations (round your response to one decimal place).
Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table 3 4 5 6 7 8 9 10 11 5.00 4.00 11.00 9.00 6.00 9.00 12.00 14 00 17 00 Year 1 2 Registrations (000) 4.00 6.00 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 6 00 for year 1 (round your responses to one decimal place) Year 142 5 6 Forecast (000) 6.00 3 7 8 9 10 11 12 b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (a) 0.35 and a starting forecast of F, =600) is registrations (round your response to one decimal place).
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...
Related questions
Question
Plz 100% correct solution needed.
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
Registrations (000) 4.00 6.00 5.00
Year
Forecast (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 6 00 for year 1 (round your responses to one decimal place)
142
4
5 6
3
5
11
4
6 7 8 9 10
4.00 11.00 9.00 6.00 9.00 12.00 14.00 17.00
7
8
9
D
10
11
12
6.00
b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (a)=
0.35 and a starting forecast of F₁ =600) is registrations (round your response to one decimal place).
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 5 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.