Question
Ties at BYU-Idaho have become very popular since Tie the Knot, an IBC company, has started operations this semester. Sales have consistently increased during the
Ties at BYU-Idaho have become very popular since Tie the Knot, an IBC company, has started operations this semester. Sales have consistently increased during the weeks and the company wants to forecast future daily sales using the following data:
Day | Week 1 | Week 2 | Week 3 | Week 4 | Week 5 | Week 6 | Week 7 |
---|---|---|---|---|---|---|---|
Monday | 42 | 50 | 44 | 50 | 40 | 34 | 33 |
Tuesday | 32 | 30 | 22 | 25 | 35 | 24 | 20 |
Wednesday | 24 | 14 | 21 | 21 | 13 | 20 | 21 |
Thursday | 22 | 28 | 23 | 21 | 23 | 20 | 25 |
Friday | 18 | 22 | 20 | 22 | 23 | 20 | 28 |
What is the seasonal index for Monday? (Display your answer to two decimal places.)
What is the seasonal index for Wednesday? (Display your answer to two decimal places.)
What is the seasonal index for Friday? (Display your answer to two decimal places.)
Tie the Knot is projecting that sales for Week 8 will be 147 ties. Based on this forecast for Week 8, how many ties should they expect to sell on Tuesday in that week? (Display your answer to two decimal places.)
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