Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as...
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Accounting
Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows:
Week Miles (1,000s)
1 17
2 21
3 19
4 23
5 18
6 16
7 20
8 18
9 22
10 20
11 15
12 22
(a) Assuming the initial forecast for week 1 of 17,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use a = 0.20.
(b) What is the MAD for this model? MAD = mean absolute deviation
(c) Compute the RSFE and tracking signals. Are they wilthin acceptable limits? RSFE = running sum of forecast errors.
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