7 The University Credit Union is open Monday through Saturday. Winters method is being used (with a...
Question:
7 The University Credit Union is open Monday through Saturday. Winter’s method is being used (with a b
g 0.5) to predict the number of customers entering the bank each day. After incorporating the arrivals of October 16, Lt 200 customers, Tt 1 customer, and the seasonalities are as follows: Monday, 0.90; Tuesday, 0.70;
Wednesday, 0.80; Thursday, 1.1; Friday, 1.2; Saturday, 1.3.
For example, this means that on a typical Monday, the number of customers is 90% of the number of customers entering the bank on an average day. On Tuesday, October 17, 182 customers enter the bank. At the close of business on October 17, make a prediction for the number of customers to enter the bank on October 25.
Step by Step Answer:
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston