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Business

Operations Management

Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant

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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Part 2

a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant

(α)

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	enter your response here	enter your response here	enter your response here	enter your response here	enter your response here	enter your response here	enter your response here	enter your response here	enter your response here	enter your response here	enter your response here

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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