Compute an exponentially smoothed forecast for semester

Assignment Help Operation Management

Reference no: EM131149391

The Chairperson of the Department of Business Administration at TSU wants to forecast the number of students who will enroll in Operations Management next semester in order to determine how many sections to schedule. The chair has accumulated the following data on enrollment for the past 8 semesters: Students Enrolled Semester in OM 1 270 2 310 3 250 4 290 5 370 6 410 7 400 8 450 a) Compute an exponentially smoothed forecast for semester 9 (next semester) with α= 0.30. Use 270 as the forecast for the 1st semester.

Reference no: EM131149391

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