Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal,
Question:
Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal, given the following data.
a. Use the centered moving average method.
b. Use the SAmethod.
Transcribed Image Text:
40 44 87 82 88 99 44 44 48 5 6 7 g 0 1 2 3 4 5 6 7 D-1111222222222 ber ved-80 5 7 5 3 6 4 2 7 8 94 31 37 42 ay 1 2 3 4 5 6 7 8 0 1 2 3 4
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
a Centered Moving Average Method round CMA to two decimals Index to four decimals Day Data No Served ...View the full answer
Answered By
Leah Muchiri
I am graduate in Bachelor of Actuarial Science and a certified accountant. I am also a prolific writer with six years experience in academic writing. My working principle are being timely and delivering 100% plagiarized free work. I usually present a precised solution to every work am assigned to do. Most of my student earn A++ GRADE using my precised and correct solutions.
4.90+
52+ Reviews
125+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
The number of customers at a bank likely will vary by the hour of the day and by the day of the month. What are the implications of this for choosing a forecasting model?
-
For the data of Exercise 18.11: a. Obtain the centered moving average for N = 4; for N = 12. b. When N = 12 months, the centered moving average is relatively smooth compared to when N = 4. Aside from...
-
For the data of Exercise 18.13: a. Obtain the centered moving average for N = 4; for N = 12. b. When N = 12 months, the centered moving average is relatively smooth compared to N = 4. Aside from the...
-
A 12-year bond has an annual coupon rate of 9%. The par value of the bond is $1,000 and the bond has a yield to maturity of 7%. Which of the following statements is correct? If the market interest...
-
A roller conveyor moves tote pans in one direction at 150 ft/min between a load station and an unload station, a distance of 200 ft. With one worker, the time to load parts into a tote pan at the...
-
1. Develop a monthly cash budget for James Confectioners for the upcoming year. 2. What recommendations can you offer Telford and Ivey James to improve their companys cash flow? 3. If you were...
-
Describe a variety of ways in which medical records have been falsified.
-
Owner Shan Lo is considering franchising her Happy Wok restaurant concept. She believes people will pay $5 for a large bowl of noodles. Variable costs are $1.50 a bowl. Lo estimates monthly fixed...
-
Paul corporation of profit, maximizing monopoly. It sells a patented rabies vaccine for pets and earns economic profits.
-
Spencers Sports manufactures outdoor equipment at three regional plants. The Freeway Plant produces two models of fishing reels, the Stream and the Surf. The Surf model is heavier and more durable....
-
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...
-
A pharmacist has been monitoring sales of a certain over- the- counter pain reliever. Daily sales during the last 15 days were a. Which method would you suggest using to predict future salesa linear...
-
A room at 72 F is heated electrically with 1500W to keep a steady temperature. The outside ambient air is at 40 F. Find the flux of S (= Q /T ) into the room air, into the ambient, and the rate of...
-
What situations have you witnessed or experienced where one or more of the theory models in this chapter could have been applied? What would have been the strengths and weaknesses of two of the...
-
Why would a company consider increasing the amounts that employees have to pay towards their benefits by increasing premiums or deductibles?
-
1.What is the importance of ethical behavior in the field of accounting? 2. What are some common ethical dilemmas that accountants might face in their profession? 3. How does the concept of...
-
How does The risk of a security breach where customer's personal information, including payment information, is stolen influence audit strategy?
-
ARX Company Limited is considering a new project. The company paid last month $200,000 to a consulting firm to do an assessment of the project. The project requires an immediate cash outlay of $1.5...
-
How might data analytics software assist the audit process?
-
List four items of financial information you consider to be important to a manager of a business that has been operating for a year.
-
Explain why small deletions and duplications are less likely than large ones to have a detrimental effect on an individuals phenotype. If a small deletion within a single chromosome happens to have a...
-
Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal, given the following data. a. Use the centered moving average method. b. Use the SAmethod. 40 44...
-
New car sales for a dealer in Cook County, Illinois, for the past year are shown in the following table, along with monthly indexes (seasonal relatives), which are supplied to the dealer by the...
-
The following table shows a tool and die companys quarterly sales for the current year. What sales would you predict for the first quarter of next year? Quarter relatives are SR1 = 1.10, SR2 = .99,...
-
Melissa Cutt is thinking about buying some shares of EZLawn Equipment, at $36.44 per share. She expects the price of the stock to rise to $43.62 over the next 3 years. During that time she also...
-
At the beginning of the week, Taylan's restaurant had a beginning inventory of food and beverages totaling $4,000. During the week, additional food and beverages purchases totaled $3,000. At the end...
-
1. Identify the auditor's role in the internal and external auditing processes. 2. Identify one law, regulation, and statue affecting healthcare
Study smarter with the SolutionInn App