The director of the Riley County, Kansas, library system would like to forecast evening patron usage for next week. Below are the data for the past 4 weeks: Mon Tue Wed Thu Fri Sat Week 1 210 178 250 215 160 180 Week 2 215 180 250 213 165 185 Week 3 220 176 260 220 175 190 Week 4 225 178 260 225 176 190 a) Calculate a seasonal index for each day of the week (enter your responses rounded to three decimal places). Day of the week Mon Tue Wed Thu Fri Sat Seasonal index
The director of the Riley County, Kansas, library system would like to forecast evening patron usage for next week. Below are the data for the past 4 weeks: Mon Tue Wed Thu Fri Sat Week 1 210 178 250 215 160 180 Week 2 215 180 250 213 165 185 Week 3 220 176 260 220 175 190 Week 4 225 178 260 225 176 190 a) Calculate a seasonal index for each day of the week (enter your responses rounded to three decimal places). Day of the week Mon Tue Wed Thu Fri Sat Seasonal index
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
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Question
The director of the Riley County, Kansas, library system would like to forecast evening patron usage for next week. Below are the data for the past 4 weeks:
|
Mon
|
Tue
|
Wed
|
Thu
|
Fri
|
Sat
|
Week 1
|
210
|
178
|
250
|
215
|
160
|
180
|
Week 2
|
215
|
180
|
250
|
213
|
165
|
185
|
Week 3
|
220
|
176
|
260
|
220
|
175
|
190
|
Week 4
|
225
|
178
|
260
|
225
|
176
|
190
|
a) Calculate a seasonal index for each day of the week (enter your responses rounded to three decimal places).
Day of the week
|
Mon
|
Tue
|
Wed
|
Thu
|
Fri
|
Sat
|
Seasonal index
|
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