Question 4: Forecasting using the distribution method

A company has used regression analysis based on historical data to estimate the proportion of dollars that will clear on a given business day. It has determined that this proportion depend on the number of business days since the checks were distributed. The estimate proportions are given below:

Business Days Since Distribution	% of Dollars Expected to Clear
1	12%
2	33%
3	29%
4	17%
5	9%
Total	100%

If $500,000 in checks is distributed on Thursday April 1, can you make a schedule according to which the checks are estimated to clear:

Date	Business Days After Distribution	Day of the Week	Percentage of Dollars Clearing	Forecast of Dollars Clearing
April 2	1	Friday	12%	$________
April 5	2	Monday	33%	$_______
April 6	3	Tuesday	29%	$_______
April 7	4	Wednesday	17%	$________
April 8	5	Thursday	9%	$________
Total			100%	$________