A small airplane company called Just In Time flies between cities in Florida. It is trying to
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A small airplane company called Just In Time flies between cities in Florida. It is trying to decide whether to add one extra plane to its fleet next year. Passenger demand that last four quarters are as follows: Q1 = 4,403, Q2 = 4,008, Q3 = 3,750, and Q4 = 4,508 passengers. The forecast for passengers in the second month was 4,403 passengers.
a. What is the forecast for the fifth month using exponential smoothing with a = 0.1?
b. Given only what you learned in part (a), should the airline add another plane?
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a F t1 F t aA t F t F 3 F 2 aA 2 F 2 4403 014008 4403 4364 p...View the full answer
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Related Book For 
Operations And Supply Chain Management
ISBN: 9780357131695
2nd Edition
Authors: David A. Collier, James R. Evans
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