Statistics Solutions

[See Steps] Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows for the past 12 weeks: WEEK ACTUAL PASSENGER

Question: Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows for the past 12 weeks:

WEEK ACTUAL PASSENGER 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
  1. Assuming an initial forecast for week 1 of 17,000 miles, use exponential smoothing to
    compute miles for weeks 2 through 12. Use \(\alpha =0.2\)
  2. What is the MAD for this model?
  3. Compute the RSFE and tracking signals. Are they within acceptable limits?

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