13 May Excel Forecasting
This is what I would like you to do using the data set provided: The first step is to analyze the no-show time series graphically; in Step 2, use your graphical analysis to determine what the time series components are; and in Step 3, use the forecasting methods that you learned in your class(I will provide PowerPoints of class forecasting methods we used) to forecast no shows for the next week. In other words, you will need to generate forecasts for the next seven flights. Make sure to try out a number of different models before you choose the best to make your forecasts. There is more than one way to approach this problem. I will leave it up to you to develop a good approach.” In Step 4, I would like you to compute the booking limits for the seven flights. The limits will be based to some extent on your forecasts, but there are other issues that you will have to consider.
Highlight your findings and make sure each step is showed on a different sheet.
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