Sarah Watson is the owner of a candy store in South Dakota. She is currently enrolled...
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Sarah Watson is the owner of a candy store in South Dakota. She is currently enrolled in SC1x and she is determined to improve the forecast of her best-selling item: the Twisty Candy Roll. Sarah's store is located in a popular mall and she has observed seasonality in the demand of Twisty Candy Rolls but no trend. By looking at historical data, she concludes that the demand for this item has seasonality by day of the week, and the seasonality factors that Sarah estimated are shared in Table 1. Table 1: Seasonality factors. Day of the week Seasonality factor Monday 0.5 Tuesday 0.5 Wednesday 0.8 Thursday 1 Friday 0.6 Saturday 1.6 2 Sunday Today is Sunday and Sarah has estimated the level to be 100 Twisty Candy Rolls. Assuming that smoothing factors are alpha=0.2 and gamma-0.08, please answer the following question. What would be the forecasted demand for Monday? Sarah Watson is the owner of a candy store in South Dakota. She is currently enrolled in SC1x and she is determined to improve the forecast of her best-selling item: the Twisty Candy Roll. Sarah's store is located in a popular mall and she has observed seasonality in the demand of Twisty Candy Rolls but no trend. By looking at historical data, she concludes that the demand for this item has seasonality by day of the week, and the seasonality factors that Sarah estimated are shared in Table 1. Table 1: Seasonality factors. Day of the week Seasonality factor Monday 0.5 Tuesday 0.5 Wednesday 0.8 Thursday 1 Friday 0.6 Saturday 1.6 2 Sunday Today is Sunday and Sarah has estimated the level to be 100 Twisty Candy Rolls. Assuming that smoothing factors are alpha=0.2 and gamma-0.08, please answer the following question. What would be the forecasted demand for Monday?
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