Question
The following chart shows the worth of daily transactions (in RM) made from a website for all the weekdays in 3 weeks. Week 1
The following chart shows the worth of daily transactions (in RM) made from a website for all the weekdays in 3 weeks. Week 1 2 3 Day 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5 Page 2 of 4 Worth (RM) 40 90 100 95 43 50 87 105 90 46 42 93 99 87 48 continued next page c) By using stationary data with additive seasonal effects, Yt+1 = Et +St+1-p, where Et = a(Yt-St-p) + (1 - a)Et-1 and St = B(Yt-Et) + (1 - B)St-p. With a = 0.5 and = 0.4, estimate the worth of daily transactions on Week 4 Day 1.
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Basic Statistics For Business And Economics
Authors: Douglas Lind, William Marchal, Samuel Wathen
8th Edition
73521477, 978-0073521473
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