A restaurant has tracked the number of meals served at lunch over the last four weeks. The data shows little in terms of trends, but does display substantial variation by day of the week. To forecast the demand for Sunday for Week 5, do you need to “deseasonalize” the demands for Weeks 1-4 and then “re-seasonalize” them. Why?

A restaurant has tracked the number of meals served at lunch over the last four weeks. The data shows little in terms of trends, but does display substantial variation by day of the week. To forecast the demand for Sunday for Week 5, do you need to “deseasonalize” the demands for Weeks 1-4 and then “re-seasonalize” them. Why?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 29P: The file P13_29.xlsx contains monthly time series data for total U.S. retail sales of building...

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