What is the seasonalized forecast for each day of next week, Ask an Expert

Management Studies

A small family-owned restaurant uses a seven-day moving average model to determine manpower requirements. These forecasts need to be seasonalized because each day of the week has its own demand pattern. The seasonal relatives for each day of the week are: Monday, 0.445; Tuesday, 0.791; Wednesday, 0.927; Thursday, 1.033; Friday, 1.422; Saturday, 1.478; and Sunday 0.903. Average daily demand based on the most recent moving average is 194 patrons.

What is the seasonalized forecast for each day of next week? (Remember: Seasons are noted as days of the week and not your typical months as we used in class problems.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9346776

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