Engineering

Mechanical EngineeringQ&A LibraryPassenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks:Week4Actual Passenger Miles (in thousands)101112152016211716 1817 22181219a) Assuming an initial forecast for week 1 of 15,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use a= 0.22 (round your responsesto two decimal places).Week471011 12Forecasted Passenger15.00 15.00 16.10 16.08 17.16 17.12 16.87 17.12 17.09 18.17Miles (in thousands)b) The MAD for this model =thousand (round your responsetwo decimal places).c) Compute the Cumulative Forecast Errors, cumulative MAD in thousands, and tracking signals (round your responses to two decimal places).Incorrect: 0CumulativeForecastTrackingSignalCumulativeForecastErrorsTrackingSignalWeekErrorsMADWeekMAD0.0079.671.785.450.002.009.551.576.095.002.5014.461.947.4534.901.702.883.921014.291.768.119.822.514.74119.662.04Click to select your answer(s) and then click Check Answer.Clear All11:39 PMAll parts showingD 402/1/2020searchQuestion

Asked Feb 2, 2020

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Please show work

Step 1

Given data

Step 2

B.

MAD = 2.007

C.

Forecast error is the difference between actual and forecasted value of any entity.

Forecast error = actual value – forecasted value

Cumulative forecast error = sum of forecast error till last week + (actual value of last week – forecast for that week)

So, sum of forecast error till...

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