Question 1: What sorts of forecasts would be useful in the following decision-making situations? Why? What sorts of data might you need to produce such forecasts? 7- tome series panel d cross - sectional a. Shop-All-The-Time Network (SATTN) needs to schedule operators to receive incoming calls. The volume of calls varies depending on the time of day, the quality of the TV advertisement, and the price of the good being sold. SATTN must schedule staff to minimize the loss of sales (too few operators leads to long hold times, and people hang up if put on hold) while also considering the loss associated with hiring excess employees. forecast object, forecast horizon the loss fund b. You run BUCO, a British utility supplying electricity to the London metropolitan area. You need to decide how much capacity to have on line, and two conflicting goals must be resolved in or order to make an appropriate decision. You obviously want to have enough capacity to meet average demand, but that's not enough, because demand is uneven throughout the year. In particular, demand skyrockets during summer heat waves - which occur randomly - as more and more people run their air conditioners constantly. If you don't have sufficient capacity to meet peak demand, you get bad su press. On the other hand, if you have a large amount of excess capacity over most of the year, you also get bad press. cross for