A local bank is using Winters' method with α = 0.2, β = 0.1, and γ = 0.5 to forecast the number of customers served each day. The bank is open Monday through Friday. At the end of the previous week, the following seasonal indexes have been estimated: Monday, 1.25; Tuesday, 0.80; Wednesday, 0.90; Thursday, 0.95; Friday, 1.10. Also, the current estimates of level and trend are 20 and 1. After observing that 30 customers are served by the bank on this Monday, forecast the number of customers who will be served on each of the next five business days. Round your answers to one decimal place, if necessary.
A local bank is using Winters' method with α = 0.2, β = 0.1, and γ = 0.5 to forecast the number of customers served each day. The bank is open Monday through Friday. At the end of the previous week, the following seasonal indexes have been estimated: Monday, 1.25; Tuesday, 0.80; Wednesday, 0.90; Thursday, 0.95; Friday, 1.10. Also, the current estimates of level and trend are 20 and 1. After observing that 30 customers are served by the bank on this Monday, forecast the number of customers who will be served on each of the next five business days. Round your answers to one decimal place, if necessary.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 22EQ
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A local bank is using Winters' method with α = 0.2, β = 0.1, and γ = 0.5 to forecast the number of customers served each day. The bank is open Monday through Friday. At the end of the previous week, the following seasonal indexes have been estimated: Monday, 1.25; Tuesday, 0.80; Wednesday, 0.90; Thursday, 0.95; Friday, 1.10. Also, the current estimates of level and trend are 20 and 1. After observing that 30 customers are served by the bank on this Monday, forecast the number of customers who will be served on each of the next five business days. Round your answers to one decimal place, if necessary.
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