Question: The tourist center is open on weekends Friday Saturday and

The tourist center is open on weekends (Friday, Saturday, and Sunday). The owner-manager hopes to improve scheduling of part-time employees by determining seasonal relatives for each of these days. Data on recent traffic at the center have been tabulated and are shown in the following table:

a.) Develop seasonal relatives for the shop
b.) Use a naïve trend approach to predict sales transactions for the following week.
c.) The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 35 percent of its business on Friday night, 30 percent on Saturday night, and 20 percent on Thursday night. What seasonal relatives would describe thissituation?

Sale on SolutionInn
  • CreatedAugust 05, 2013
  • Files Included
Post your question