Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: 1 Week 2 3 4 5 6 7 Actual Passenger Miles (in thousands) 15 20 16 21 16 15 17 a) Assuming an initial forecast for week 1 of 15,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use a = 0.25 (round your responses to two decimal places) Week Forecasted Passenger Miles (in thousands) 1 2 3 4 5 6 7 8 9 10 11 12 15.00 15.00 16.25 16.19 17.39 17.04 16.53 16.65 16.49 17.62 17.46 15.85 Week 1 2 3 4 5 6 MAD 0.00 2.50 1.75 2.52 2.29 2.25 o) The MAD for this model = 2.61 thousand (round your response to two decimal places). c) Compute the Cumulative Forecast Errors, cumulative MAD in thousands, and tracking signals (round your responses to two decimal places). Cumulative Forecast Errors Cumulative Forecast Errors 0.00 5.00 4.75 9.56 8.17 6.13 Tracking Signal 2.00 2.71 3.80 3.57 2.73 Week 7 8 9 10 11 12 8 9 16 21 6.60 5.95 10.46 9.84 10 17 MAD 1.99 1.83 2.12 1.97 11 11 D 12 21 Tracking Signal 3.31 3.26 4.92 4.98

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Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks:
Week
1
2 3 4 5 6
Actual Passenger Miles (in thousands) 15 20 16 21 16 15
a) Assuming an initial forecast for week 1 of 15,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use a = 0.25 (round your responses to two decimal places).
1
7
8
9
2 3 4
10 11 12
15.00 15.00 16.25 16.19 17.39 17.04 16.53 16.65 16.49 17.62 17.46 15.85
Week
1
2
3
4
5
6
Week
Forecasted Passenger
Miles (in thousands)
b) The MAD for this model = 2.61 thousand (round your response to two decimal places).
c) Compute the Cumulative Forecast Errors, cumulative MAD in thousands, and tracking signals (round your responses to two decimal places).
Cumulative
Forecast
Cumulative
Forecast
Errors
Errors
0.00
6.60
5.00
5.95
4.75
10.46
9.56
9.84
8.17
6.13
MAD
0.00
2.50
1.75
2.52
2.29
2.25
Tracking
Signal
2.00
2.71
3.80
3.57
2.73
5
6
7
17
Week
7
8
9
10
11
8 9
16 21
10 11 12
17 11 21
MAD
1.99
1.83
2.12
1.97
Tracking
Signal
3.31
3.26
4.92
4.98
Transcribed Image Text:Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: Week 1 2 3 4 5 6 Actual Passenger Miles (in thousands) 15 20 16 21 16 15 a) Assuming an initial forecast for week 1 of 15,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use a = 0.25 (round your responses to two decimal places). 1 7 8 9 2 3 4 10 11 12 15.00 15.00 16.25 16.19 17.39 17.04 16.53 16.65 16.49 17.62 17.46 15.85 Week 1 2 3 4 5 6 Week Forecasted Passenger Miles (in thousands) b) The MAD for this model = 2.61 thousand (round your response to two decimal places). c) Compute the Cumulative Forecast Errors, cumulative MAD in thousands, and tracking signals (round your responses to two decimal places). Cumulative Forecast Cumulative Forecast Errors Errors 0.00 6.60 5.00 5.95 4.75 10.46 9.56 9.84 8.17 6.13 MAD 0.00 2.50 1.75 2.52 2.29 2.25 Tracking Signal 2.00 2.71 3.80 3.57 2.73 5 6 7 17 Week 7 8 9 10 11 8 9 16 21 10 11 12 17 11 21 MAD 1.99 1.83 2.12 1.97 Tracking Signal 3.31 3.26 4.92 4.98
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