K Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown...
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K Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: Week 1 2 3 4 5 6 18 16 Actual Passenger Miles (in thousands) 18 23 20 25 a) Assuming an initial forecast for week 1 of 18,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use a 0.18 (round your responses to two decimal places). 3 4 5 6 7 8 9 10 11 12 18,90 19.10 20.16 19.77 19.09 19.25 19.03 19.74 19.79 18.93 1890 Week Forecasted Passenger Miles (in thousands) Week 1 2 18.00 18.00 Cumulative Forecast Errors b) The MAD for this model= 2.52 thousand (round your response to two decimal places). c) Compute the Cumulative Forecast Errors, cumulative MAD in thousands, and tracking signals (round your responses to two decimal places). MAD Tracking Signal 7 20 Week P 8 9 10 11 12 18 23 20 15 20 Cumulative Forecast Errors MAD Tracking Signal K Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: Week 1 2 3 4 5 6 18 16 Actual Passenger Miles (in thousands) 18 23 20 25 a) Assuming an initial forecast for week 1 of 18,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use a 0.18 (round your responses to two decimal places). 3 4 5 6 7 8 9 10 11 12 18,90 19.10 20.16 19.77 19.09 19.25 19.03 19.74 19.79 18.93 1890 Week Forecasted Passenger Miles (in thousands) Week 1 2 18.00 18.00 Cumulative Forecast Errors b) The MAD for this model= 2.52 thousand (round your response to two decimal places). c) Compute the Cumulative Forecast Errors, cumulative MAD in thousands, and tracking signals (round your responses to two decimal places). MAD Tracking Signal 7 20 Week P 8 9 10 11 12 18 23 20 15 20 Cumulative Forecast Errors MAD Tracking Signal
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Related Book For
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
Posted Date:
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