Year Year Forecast (000) 1 2 3 4.00 7.00 5.00 1 5.00 Registrations (000) 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 5.00 for year 1 (round your responses to one decimal place): 2 3 4 4.00 4 5 9.00 5 6 7 8 9 10 11 9.00 6.00 10.00 13.00 14.00 12.00 6 7 8 9 10 11 1 12
Year Year Forecast (000) 1 2 3 4.00 7.00 5.00 1 5.00 Registrations (000) 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 5.00 for year 1 (round your responses to one decimal place): 2 3 4 4.00 4 5 9.00 5 6 7 8 9 10 11 9.00 6.00 10.00 13.00 14.00 12.00 6 7 8 9 10 11 1 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...
Related questions
Question

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)** | 4.00 | 7.00 | 5.00 | 4.00 | 9.00 | 9.00 | 6.00 | 10.00 | 13.00 | 14.00 | 12.00 |
**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 5.00 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)** | 5.00 | | | | | | | | | | | |
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 2 steps with 2 images

Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

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
Year
Forecast (000)
1 2
4.00 7.00
1
5.00
3
5.00
Registrations (000)
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 5.00 for year 1 (round your responses to one decimal
place):
2
3
4.6 5.56
4
4.00
4
5.34
11
9 10
7 8
6
5
9.00 9.00 6.00 10.00 13.00 14.00 12.00
5
4.80
6
7
6.48 7.49
8
6.89
9
8.14
10
10.08
11
11.64
12
11.79
b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (a) = 0.40 and a starting forecast of F₁ = 5.00) is
response to one decimal place).
registrations (round your
Solution
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.