Hi, I need help solving for part B. Thank you. Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:Year1Registrations (000) 5.00a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (x) of 0.35 and a starting forecast of 5.00 for year 1 (round your responses to one decimalplace):1YearForecast (000) 5.005267891011345.00 5.00 5.00 10.00 8.00 7.00 10.00 11.00 12.00 12.0025354555676.75 7.198910117.12 8.13 9.13 10.141210.79b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (x) = 0.35 and a starting forecast of F₁ = 5.00) isresponse to one decimal place).registrations (round your

YearRegistrationsForecast1552553554555105686.75777.198107.129118.1310129.13111210.14

b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (α) = 0.35 and a starting forecast of F₁ = 5.00) is registrations (round your response to one decimal place).

b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (α) = 0.35 and a starting forecast of F₁ = 5.00) is registrations (round your response to one decimal place).

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

Hi, I need help solving for part B. Thank you.

Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table:
Year
1
Registrations (000) 5.00
a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (x) of 0.35 and a starting forecast of 5.00 for year 1 (round your responses to one decimal
place):
1
Year
Forecast (000) 5.00
5
2
6
7
8
9
10
11
3
4
5.00 5.00 5.00 10.00 8.00 7.00 10.00 11.00 12.00 12.00
2
5
3
5
4
5
5
5
6
7
6.75 7.19
8
9
10
11
7.12 8.13 9.13 10.14
12
10.79
b) Mean absolute deviation based on the forecast developed using the exponential smoothing method (with a smoothing constant (x) = 0.35 and a starting forecast of F₁ = 5.00) is
response to one decimal place).
registrations (round your

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