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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)
12
14
15
a) Develop a 3-year moving average to forecast registrations from year 4 to year 12.
b) Estimate demand again for years 4 to 12 with a 3-year weighted moving average in which registrations in the most recent year are given a weight of 2, and registrations in the other 2 years are each given a weight of 1.
c) Graph the original data and the two forecasts. Which of the two forecasting methods seems better?
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