Question: Kabwe Play Park opens three days in a week (Friday, Saturday and Sunday). The owners have decided to improve on the time tabling of part-times
Kabwe Play Park opens three days in a week (Friday, Saturday and Sunday). The owners have decided to improve on the time tabling of part-times worker for each of these day. Data on recent traffic at the Park is shown below.
| WEEK | ||||||
|
| 1 | 2 | 3 | 4 | 5 | 6 |
| Friday | 149 | 154 | 152 | 150 | 159 | 163 |
| Saturday | 250 | 255 | 260 | 268 | 273 | 276 |
| Sunday | 166 | 162 | 171 | 173 | 176 | 183 |
- Use depersonalised data to determine the transactions for the following week.
- Explain why this technique is more appropriate for forecasting than the moving average one.
- What are main advantages that quantitative techniques for forecasting have over qualitative techniques? What limitations do quantitative techniques have?
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