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The worksheet Hudson Demand Case Data in MindTap provides the number of visits over one year from January to December (52 weeks). Chart the data
The worksheet Hudson Demand Case Data in MindTap provides the number of visits over one year from January to December (52 weeks). Chart the data and explain the characteristics of the time series. How would you forecast future demand for customer visits? What criteria will you use to determine a "good" forecast? What methods would you use, and why? What is your final recommendation with respect to a forecasting method?
Hudson Base Demand Case Data | ||
Week | Visits | |
1 | 171 | |
2 | 268 | |
3 | 467 | |
4 | 490 | |
5 | 564 | |
6 | 479 | |
7 | 445 | |
8 | 587 | |
9 | 576 | |
10 | 524 | |
11 | 547 | |
12 | 462 | |
13 | 456 | |
14 | 422 | |
15 | 450 | |
16 | 393 | |
17 | 342 | |
18 | 291 | |
19 | 211 | |
20 | 143 | |
21 | 108 | |
22 | 80 | |
23 | 57 | |
24 | 91 | |
25 | 63 | |
26 | 97 | |
27 | 86 | |
28 | 57 | |
29 | 68 | |
30 | 51 | |
31 | 74 | |
32 | 51 | |
33 | 103 | |
34 | 108 | |
35 | 91 | |
36 | 68 | |
37 | 103 | |
38 | 114 | |
39 | 148 | |
40 | 194 | |
41 | 165 | |
42 | 228 | |
43 | 239 | |
44 | 279 | |
45 | 314 | |
46 | 342 | |
47 | 251 | |
48 | 211 | |
49 | 325 | |
50 | 291 | |
51 | 262 | |
52 | 97 | |
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