5-28 Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows

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5-28 Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows for the past 12 weeks:

Actual Pass enger Actual Pass enger Week Miles (1,000s) Week Miles (1,000s)

1 17 7 20 2 21 8 18 3 19 9 22 4 23 10 20 5 18 11 15 6 16 12 22

(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.

(b) What is the MAD for this model?

(c) Compute the RSFE and tracking signals. Are they within acceptable limits?

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Quantitative Analysis For Management

ISBN: 9789332578692

12th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

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Question Posted: Jul 27, 2024 02:02 AM

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5-28 Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows

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Quantitative Analysis For Management

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