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
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 |
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