Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows for the past 12 weeks (a) Assuming an initial forecast for week 1 of 17,000 miles, use exponential smoothing to compute miles for weeks 2 througt 12 Use a 0 2 (b) What is the MAD for this model (c) C...

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

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Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows for the past 12 weeks: image text in transcribed

(a) Assuming an initial forecast for week 1 of 17,000 miles, use exponential smoothing to compute miles for weeks 2 througt 12.

Use a = 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: 9781292217659

13th Global Edition

Authors: Barry Render, Ralph M. Stair, Michael Hanna, Trevor Hale

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Question Posted: Jul 09, 2024 09:01 AM

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

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ACTUAL PASSENGER ACTUAL PASSENGER MILES MILES WEEK (1,000s) WEEK (1,000s) 12 17 7 20 21 8 18 3 19 9 22 4 23 10 20 56 18 11 15 16 12 22

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Quantitative Analysis For Management

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