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.
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Step by Step Answer:
a Seasonal indices 1066 Mon 0873 Tue 125 Wed 107 Thu 0828 Fri 0913 Sat b To calcu...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
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