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Remember the forecasting problem faced by The Coffee Shop around the Corner ( CS ) that you worked on in the last homework: Hank, the
Remember the forecasting problem faced by The Coffee Shop around the Corner CS
that you worked on in the last homework: Hank, the owner of CS would like to forecast the
demand for mufins, which shows a significantly seasonal pattern in the course of a day.
Suppose you decided to use Winter's method to forecast the demand during Day
Assume and
a Use the demand data from Days and to initialize Winter's method.
b What is your forecast for the total demand on Day
c Suppose the demand in the morning on Day turns out to be What is your forecast
for the total demand in the remainder of Day
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