The director of the Riley County, Kansas, library system would like to forecast evening patron usage for
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:
a) Calculate a seasonal index for each day of the week.
b) If the trend equation for this problem is ^y = 201.74 + .18x, what is the forecast for each day of week 5? Round your forecast to the nearest whole number.
Transcribed Image Text:
WEEK 1 WEEK 2 WEEK 3 WEEK 4 MON 210 215 220 225 TUE 178 180 176 178 WED 250 250 260 260 THU 215 213 220 225 FRI 160 165 175 176 SAT 180 185 190 190
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a Seasonal indices 1066 Mon 0873 Tue 125 Wed 107 Thu 0828 Fri 0913 Sat b To calcu...View the full answer
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Related Book For
Operations Management Sustainability And Supply Chain Management
ISBN: 9780135173626
13th Edition
Authors: Jay Heizer, Barry Render, Chuck Munson
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