Solution-Problem regarding the forecasting method

Problem regarding the forecasting method

Assignment Help Engineering Mathematics

Reference no: EM13960611

AvAir, a regional airline, reported miles flown data as shown in Table 1, below. In January 2002 AvAir added aircraft to its fleet and changed the method of scheduling maintenance.

REVENUE SEAT MILES (000's) AVAILABLE SEAT MILES (000's)

2006 2007 2006 2007 January	10,584	13,330	16,100	18001
February	11,100	13,900	16,040	17940
March	11,500	14,145	16,010	17,932
April	12,050	14,895	15,900	17,920
May	12,550	15,110	15,890	17,898
June	12,910	15,892	16,025	17,863
July	13,180	16,100	15,925	17,810
August	13,100	16,010	15,843	17,765
Sept.	13,106	15,991	15,861	17,722
October	12,900	15,900	15,832	17,660
November	13,001	19,952	15,815	17,625
December	13,050	16,012	15,804	17,540

a. Review the data and suggest area(s) where problems or discrepancies may exist.

b. Which forecasting method, from among those discussed in the text and in class, best predicts revenue seat miles (RSM), and available seat miles (ASM)? Justify your answers.

c. If no additions are made to the AvAir's fleet or practices, when do you predict that AvAir will no longer be able to increase revenues from passengers? Assume that non-revenue passenger miles are 5% of revenue miles.

Reference no: EM13960611

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Problem regarding the forecasting method : AvAir, a regional airline, reported miles flown data as shown in Table 1, below. In January 2002 AvAir added aircraft to its fleet and changed the method of scheduling maintenance.

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Problem regarding the forecasting method

Reference no: EM13960611

Reference no: EM13960611

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