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Excel data analysis add-in for exponential

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Reference no: EM132372722

Passenger miles, in thousands flown, on Commuter West Airlines, a commuter firm serving the Salt Lake hub, are shown for the past 12 weeks.

Week 1 2 3 4 5 6 Actual Passenger Miles (000) 13 26 13 23 15 19

Week 7 8 9 10 11 12 Actual Passenger Miles (000) 24 19 22 22 16 25

Assuming an initial forecast for week 1 of 13,000 miles, use Excel's Data Analysis add-in for exponential smoothing to compute miles for weeks 2 through 12. Use a = 0.7

What is the MAD for this model?

Reference no: EM132372722

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