Question: Although bird strike is common, it can be a significant threat to aircraft safety. In recent years, bird strikes have increased the annual number of
Although bird strike is common, it can be a significant threat to aircraft safety. In recent years, bird strikes have increased the annual number of aircraft accidents which occurred worldwide. The significant damaged to the smaller aircraft can results a number of fatal accidents whereas a threat of continuing safe flight can be imposed to the bigger engined aircraft.
Gotham Airways manager has asked a statistician to perform a time series analysis on the quarterly reported bird strikes figures in the past 3 years. The statistician was called away on urgent business and you have been asked to finish the analysis. A copy of the data is shown on BIRDSTK worksheet. You have been told that the aim is to forecast the next 4 quarters bird strikes.
- Complete the calculations that are required to estimate the bird strikes forecast for Quarter 1, 2, 3 and 4 of Year 4 including the numbers of bird strikes forecast for the quarter 1, 2, 3 and 4 of year 4. The table should include, Moving Average, Trend Centered Moving Average, Seasonal variation, adjusted seasonal values, extended trend and bird strikes forecast. (22 marks)
- Conclude the results that you achieved from the questions above using appropriate reference to support your discussion. (8 marks)
Your answers should include: (approximately 200 words)
- The purpose of the forecasting in business that can be used in line with business aircraft.
- Conclusion a summary of what you have learnt and achieved.
| Quarter | ||||
| 1 | 2 | 3 | 4 | |
| Year 1 | 28100 | 14600 | 23600 | 50360 |
| Year 2 | 40280 | 21000 | 22680 | 83040 |
| Year 3 | 342480 | 19440 | 35840 | 82240 |
Values from Birdstk
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
