A local bank is using Winters' method with a = 0.2, ß = 0.1, and y = 0.5 to forecast the number of customers served each day. The bank is open Monday through Friday. At the end of the previous week, the following seasonal indexes have been estimated: Monday, 0.95; Tuesday, 0.90; Wednesday, 0.80; Thursday, 1.25; Friday, 1.10. Also, the current estimates of level and trend are 20 and 1. After observing that 30 customers are served by the bank on this Monday, forecast the number of customers who will be served on each of the next five business days. Round your answers to one decimal place, if necessary. Forecast Tuesday Wednesday Thursday Friday Monday 22 25 23 29 31
A local bank is using Winters' method with a = 0.2, ß = 0.1, and y = 0.5 to forecast the number of customers served each day. The bank is open Monday through Friday. At the end of the previous week, the following seasonal indexes have been estimated: Monday, 0.95; Tuesday, 0.90; Wednesday, 0.80; Thursday, 1.25; Friday, 1.10. Also, the current estimates of level and trend are 20 and 1. After observing that 30 customers are served by the bank on this Monday, forecast the number of customers who will be served on each of the next five business days. Round your answers to one decimal place, if necessary. Forecast Tuesday Wednesday Thursday Friday Monday 22 25 23 29 31
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A local bank is using Winters' method with a = 0.2, B = 0.1, and y = 0.5 to forecast the number of customers served each day. The
bank is open Monday through Friday. At the end of the previous week, the following seasonal indexes have been estimated:
Monday, 0.95; Tuesday, 0.90; Wednesday, 0.80; Thursday, 1.25; Friday, 1.10. Also, the current estimates of level and trend are 20
and 1. After observing that 30 customers are served by the bank on this Monday, forecast the number of customers who will be
served on each of the next five business days. Round your answers to one decimal place, if necessary.
Tuesday
Wednesday
Thursday
Friday
Monday
Forecast
22
25
23
29
31
X
X
X
X
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