Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Rosa's Italian restaurant wants to develop forecasts of daily demand for the next week. The restaurant is closed on Mondays and experiences a seasonal pattern for the other six days of the week. Mario, the manager has collected information on the number of customers served each day for the past two weeks. If Mario expects total demand for the week to be around 350, what is the forecast for each day of next week?

Number of Customers

Day------Week 1-----Week 2

Tuesday-- 52---------48

Wednes--- 36---------32

Thursday- 35---------30

Friday--- 89---------97

Saturday- 98---------99

Sunday--- 65---------69

Forecasting. Develop a forecasting chart, using MS Excel. Include the steps used in your forecast.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9368870

Have any Question?


Related Questions in Statistics and Probability

A business analyst in the washington dc area looked at the

A business analyst in the Washington, D.C. area looked at the following Christmas 2016 and 2017 toy sales in Metro D.C. Six toy stores were were contacted and shared the following information where x is 2016 sales and y ...

You are offered the right to receive 3000 per year forever

You are offered the right to receive 3,000 per year? forever, starting in one year. If your discount rate is 3?%, what is this offer worth to? you? (round to the nearest dollar)

Suppose that 20 of men p20 and 15 of women p 15 are

Suppose that 20% of men (P=.20) and 15% of women (P= .15) are carriers of a particular genetic trait. That trait can only be inherited by a child if both parents are carriers. What is the probability that a child is born ...

Now assume that i am talking about a normally distributed

Now assume that I am talking about a normally distributed set of data: An IQ test. This IQ test has a mean of 100 and a standard deviation of 15. Find the following probabilities What is the probability that someone scor ...

Describe the general concept of economic analysis is this

Describe the general concept of economic analysis. Is this type of analysis necessary, and can it really help the individual investor make a decision about stock? Explain

Find each of the following probabilities for a normal

Find each of the following probabilities for a normal distribution. (Use/round to 4 decimal places.) p ( z  > 0.80) p  = p ( z   Please work out the steps  so I can understand the formula

A researcher is planning to a silvicultural study using 3

A researcher is planning to a silvicultural study using 3 different fertilizers on 3 adjacent plots. How many ways can the 3 plots be arranged if there are 18 fertilizers to choose from?

One season the average little league baseball game averaged

One? season, the average little league baseball game averaged 2 hours and 54 minutes ?(174 ?minutes) to complete. Assume the length of games follows the normal distribution with a standard deviation of 10 minutes. Comple ...

A survey of a group of college students was done to find

A survey of a group of college students was done to find out how students get to school for the school year. 15% of those surveyed were from out of state. Of those that were in-state, 56% used a car as their primary form ...

You decide to further your research project by

You decide to further your research project by hypothesizing that the true average core body temperature amidst higher ambient temperature and humidity levels for the  population who do not use electric fans is  greater ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As