Air travel on Mountain Airlines for the past 18 weeks was:Week Passengers1 4052 4103 4204 4155 4126 4207 4248 4339 43810 44011 44612 45113 45514 46415 46616 47417 47618 482a. 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 forthe next three weeks.

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Q: 14.5. For the data in Exercise 14.4, use an a of 0.1 to make a forecast for July F= Ft-1 + 0.1(At-1-…

A: Given-

Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.