Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows for
Question:
(a) Assuming an initial forecast for week 1 of 17,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use É = 0.2
(b) What is the MAD for this model?
(c) Compute the RSFE and tracking signals. Are they within acceptablelimits?
Transcribed Image Text:
ACTUAL PASSENGER ACTUAL PASSENGER WEEK MILES (1,000S) WEEK MILES (1,000S) 20 17 21 19 23 18 16 18 10 20 15 12
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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
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