Question
Air travel on Mountain Airlines for the past 18 weeks was: 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Air travel on Mountain Airlines for the past 18 weeks was:
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 405 | 410 | 420 | 415 | 412 | 420 | 424 | 433 | 438 | 440 | 446 | 451 | 455 | 464 | 466 | 474 | 476 | 482 |
a. Explain why an averaging technique would not be appropriate for forecasting.
b. Use an appropriate technique to develop a forecast for the expected number of passengers for the next three weeks. Explain your rationale as well as provide your forecasts.
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
12th Edition
840062338, 840062346, 9780840062338, 978-0840062345
