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    Exp smoothing forecast with MAD, RSFE, Tracking signal

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    PASSENGER MILES FLOWN ON NORTHEAST AIRLINES, A COMMUTER FIRM SERVING THE BOSTON HUB, ARE AS FOLLOWS FOR THE PAST 12 WEEKS:

    ACTUAL PASSENGER ACTUAL PASSENGER
    WEEK MILES (1000S) WEEK MILES (1000S)
    1 17 7 20
    2 21 8 18
    3 19 9 22
    4 23 10 20
    5 18 11 15
    6 16 12 22

    A)ASSUMING AN INITIAL FORECAST FOR WEEK 1 OF 17000 MILES, USE EXPONENTIAL SMOOTHING TO COMPUTE MILES FOR WEEKS 2 THROUGH 12. USE Ox = 0.2
    B) WHAT IS THE MAD FOR THIS MODEL?
    C) COMPUTE THE RSFE AND TRACKING SIGNALS. ARE THEY WITHIN ACCEPTABLE LIMITS?

    © BrainMass Inc. brainmass.com June 3, 2020, 7:26 pm ad1c9bdddf
    https://brainmass.com/business/business-management/98580

    Solution Summary

    This posting contains solution to following problem on forecasting for North east airlines.

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