Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: 2 3 4 5 6 7 21 19 23 18 16 20 Week 1 Actual Passenger Miles (in thousands) 17 a) Assuming an initial forecast for week 1 of 17,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use α = 0.2 (round your responses to two decimal places). Week Forecasted Passenger Miles (in thousands) b) The MAD for this model = (round your response to two decimal places). 1 2 3 4 17.00 17.00 17.80 18.04 6 7 5 19.03 18.83 18.26 8 9 10 11 12 18 22 20 15 22 8 10 11 9 12 18.61 18.49 19.19 19.35 18.48

Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: 2 3 4 5 6 7 21 19 23 18 16 20 Week 1 Actual Passenger Miles (in thousands) 17 a) Assuming an initial forecast for week 1 of 17,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use α = 0.2 (round your responses to two decimal places). Week Forecasted Passenger Miles (in thousands) b) The MAD for this model = (round your response to two decimal places). 1 2 3 4 17.00 17.00 17.80 18.04 6 7 5 19.03 18.83 18.26 8 9 10 11 12 18 22 20 15 22 8 10 11 9 12 18.61 18.49 19.19 19.35 18.48

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...

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