1. The Chairperson of the Department of Business Administration at XYZ wants to

Question

1. The Chairperson of the Department of Business Administration at XYZ 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:

*Compute an exponentially smoothed forecast for semester 9 (next semester) with ?= 0.30. Use 270 as the forecast for the 1st semester.

Students Enrolled Semester in OM 1 270 310 250 290 4 370 410 400 450 6 7

Explanation / Answer

Forecast for Semester 9 = 384

Exponential Smoothing = 0.3 Ft = Dt-1 + (1-)Ft-1 Period Demand Forecast t Dt Ft 1 270 270 2 310 270 3 250 282 4 290 272 5 370 278 6 410 305 7 400 337 8 450 356 9 384

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