What Is CAEP

question 28

Multiple Choice

What is CAEP?

• A) An ICAO committee responsible for the investigating and recommending environmental initiatives
• B) An acronym related to four key changes the aviation industry can make to reduce air pollution
• C) An IATA list of standardized airlines operational procedures shown to reduce climate change
• D) A Canadian Airlines Environmental Proposal to reduce airline emission by 40% by 2020
• E) None of the above

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Definitions:

Seasonal Factor

A quantitative adjustment factor applied to economic or statistical data to account for seasonal variations of the data point.

Exponential Smoothing

A forecasting technique that applies decreasing weights to past observations as they recede in time.

Exponential Smoothing Model

A time series forecasting technique that applies weighting factors which decrease exponentially to past observations.

Mean Absolute Percentage Error

A measure used in statistics to assess the accuracy of a forecast or prediction, calculated as the average of absolute percentages of errors between predicted and observed values.