Business, 29.07.2020 02:01 anishivaturi123
The director of the Riley County, Kansas, library system would like to forecast evening patron usage for next week. Below are the data for the past 4 weeks:
Mon Tue Wed Thu Fri Sat
Week1 210 178 250 215 160 180
Week2 215 180 250 213 165 185
Week3 220 176 260 220 175 190
Week4 225 178 260 225 176 190
a) Calculate a seasonal index for each day of the week (enter your responses rounded to three decimal places).
b) Letx 1 for Monday of Week 1. If the trend equation for this problem is ^y= 201.74+0.18x, the forecast for each day of week 5 is (round your responses to the nearest whole number)
Answers: 1
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The director of the Riley County, Kansas, library system would like to forecast evening patron usage...
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