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Determining the revised forecast

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Reference no: EM133050734

Recalculate the forecasts using an α of 0.2 and a β of 0.2. Have you improved on the original MAD?

Week

Actual Load Factor

Smoothed Value

Smoothed Trend

Forecast

Forecast Error

t

At

St

Tt

Ft

|At - Ft|

1

31

31.00

0.00

 

 

2

40

35.50

1.35

31

9

3

43

39.93

2.27

37

6

4

52

47.10

3.74

42

10

5

49

49.92

3.47

51

2

6

64

58.69

5.06

53

11

7

58

60.88

4.20

64

6

8

68

66.54

4.63

65

3

 

 

 

 

 

MAD 6.7

What is the revised forecast (Ft) for Week 8? Do not round your forecast to a whole number?

What is the new MAD?

The MAD has improved?

Reference no: EM133050734

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