Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: 2 3 4 5 6 7 21 19 23 18 16 20 Week 1 Actual Passenger Miles (in thousands) 17 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 (round your responses to two decimal places). Week Forecasted Passenger Miles (in thousands) b) The MAD for this model = (round your response to two decimal places). 1 2 3 4 17.00 17.00 17.80 18.04 6 7 5 19.03 18.83 18.26 8 9 10 11 12 18 22 20 15 22 8 10 11 9 12 18.61 18.49 19.19 19.35 18.48
Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: 2 3 4 5 6 7 21 19 23 18 16 20 Week 1 Actual Passenger Miles (in thousands) 17 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 (round your responses to two decimal places). Week Forecasted Passenger Miles (in thousands) b) The MAD for this model = (round your response to two decimal places). 1 2 3 4 17.00 17.00 17.80 18.04 6 7 5 19.03 18.83 18.26 8 9 10 11 12 18 22 20 15 22 8 10 11 9 12 18.61 18.49 19.19 19.35 18.48
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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part b
Transcribed Image Text:Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks:
5 6 7 8
18 16 20 18
Week
1
Actual Passenger Miles (in thousands) 17
2 3 4
21 19 23
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 (round your responses
to two decimal places).
1
3
6
17.00 17.00 17.80 18.04 19.03 18.83
Week
Forecasted Passenger Miles
(in thousands)
b) The MAD for this model = (round your response to two decimal places).
2
4
5
7
18.26
9 10 11 12
22 20 15 22
8
18.61
9
10
11
18.49 19.19 19.35
12
18.48
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