A customer comment phone line is staffed from 8:00 a.m. to 4:30 p.m. five days a week. Records are available that show the number of calls received every day for the last five weeks as shown in the following table. Assume the time series has seasonality without trend.WeekDayNumber1M29 T13 W15 TH14 F222M24 T9 W15 TH13 F253M33 T14 W16 TH12 F204M26 T12 W15 TH17 F235M25 T10 W19 TH16 F24(a)Solve for the forecast equation that minimizes the sum of squared error.x1 = 1 if Monday, 0 otherwise; x2 = 1 if Tuesday, 0 otherwise; x3 = 1 if Wednesday, 0 otherwise; x4 = 1 if Thursday, 0 otherwise.t = (b)Forecast the five days of Week 6.Week 6 Monday forecast callsWeek 6 Tuesday forecast callsWeek 6 Wednesday forecast callsWeek 6 Thursday forecast callsWeek 6 Friday forecast calls

a) From the given information, Therefore, Number of calls(y) x1 x2 x3 x4 t 29 1 0 0 0 1 13 0…

A customer comment phone line is staffed from 8:00 a.m. to 4:30 p.m. five days a week. Records are available that show the number of calls received every day for the last five weeks as shown in the following table. Assume the time series has seasonality without trend. Week Day Number 1 M 29 T 13 W 15 TH 14 F 22 2 M 24 T 9 W 15 TH 13 F 25 3 M 33 T 14 W 16 TH 12 F 20 4 M 26 T 12 W 15 TH 17 F 23 5 M 25 T 10 W 19 TH 16 F 24

A customer comment phone line is staffed from 8:00 a.m. to 4:30 p.m. five days a week. Records are available that show the number of calls received every day for the last five weeks as shown in the following table. Assume the time series has seasonality without trend. Week Day Number 1 M 29 T 13 W 15 TH 14 F 22 2 M 24 T 9 W 15 TH 13 F 25 3 M 33 T 14 W 16 TH 12 F 20 4 M 26 T 12 W 15 TH 17 F 23 5 M 25 T 10 W 19 TH 16 F 24

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.3: Fitting Linear Models To Data

Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....

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Week	Day	Number
1	M	29
	T	13
	W	15
	TH	14
	F	22
2	M	24
	T	9
	W	15
	TH	13
	F	25
3	M	33
	T	14
	W	16
	TH	12
	F	20
4	M	26
	T	12
	W	15
	TH	17
	F	23
5	M	25
	T	10
	W	19
	TH	16
	F	24

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