Homework Help is Here – Start Your Trial Now!
Math
Statistics
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

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
A local bank is using Winters' method with a = 0.2, B = 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. Tuesday Wednesday Thursday Friday Monday Forecast 22 25 23 29 31 X X X X
Transcribed Image Text:A local bank is using Winters' method with a = 0.2, B = 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. Tuesday Wednesday Thursday Friday Monday Forecast 22 25 23 29 31 X X X X
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 7 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS