b) Below are the no of customers, visiting a local Tesco Express, in the first week of holiday season. The store manager would like to avoid stock out in the busy period. Provide forecast of sales on Saturday next week, using 3 point moving average and seasonal variation. Assume same seasonal variation next period. 3 Point Moving Seasonal Week days Customers Average Variation Monday Tuesday Wednesday Thursday Friday Saturday Sunday (i) (ii) 1,525 1,352 1,250 1,400 1,515 1,815 1,750 Calculate daily trend, all rounded to units Calculate sales value trend in next Saturday, all rounded to units
b) Below are the no of customers, visiting a local Tesco Express, in the first week of holiday season. The store manager would like to avoid stock out in the busy period. Provide forecast of sales on Saturday next week, using 3 point moving average and seasonal variation. Assume same seasonal variation next period. 3 Point Moving Seasonal Week days Customers Average Variation Monday Tuesday Wednesday Thursday Friday Saturday Sunday (i) (ii) 1,525 1,352 1,250 1,400 1,515 1,815 1,750 Calculate daily trend, all rounded to units Calculate sales value trend in next Saturday, all rounded to units
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:b) Below are the no of customers, visiting a local Tesco Express, in the first week of
holiday season. The store manager would like to avoid stock out in the busy period.
Provide forecast of sales on Saturday next week, using 3 point moving average and
seasonal variation. Assume same seasonal variation next period.
3 Point
Moving Seasonal
Week days Customers Average Variation
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
(i)
(ii)
1,525
1,352
1,250
1,400
1,515
1,815
1,750
Calculate daily trend, all rounded to units
Calculate sales value trend in next turday, all rounded to units
Expert Solution

Step 1: Write the given information
Given the data of the number of customers, visiting a local Tesco Express, in the first week of the holiday season as
Weekdays | Customers |
Monday | 1525 |
Tuesday | 1352 |
Wednesday | 1250 |
Thursday | 1400 |
Friday | 1515 |
Saturday | 1815 |
Sunday | 1750 |
Step by step
Solved in 4 steps with 23 images

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman