A local bank is using Winters' method with a = 0.2, ß = 0.1, and y = 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, 0.95; Tuesday, 0.90; Wednesday, 0.80; Thursday, 1.25; 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. Forecast Tuesday Wednesday Thursday Friday Monday 22 25 23 29 31

A local bank is using Winters' method with a = 0.2, ß = 0.1, and y = 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, 0.95; Tuesday, 0.90; Wednesday, 0.80; Thursday, 1.25; 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. Forecast Tuesday Wednesday Thursday Friday Monday 22 25 23 29 31

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

See similar textbooks