Discuss the below:
Q: Illustrated is the 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 6 4 5 10 8 7 9 12 14 15
Use exponential smoothing with a smoothing constant of 0.3 to forecast the registrations at the seminar. To begin the procedure, assume that the forecast for year 1 was 5,000 people signing up.