Question

The Coffee Shop around the Corner (CS) is famous for its fresh-made muffins. Hank, the owner of CS, knows that the demand for muffins depends very much on the timeof the day: The demand is high in the morning, decreases in the afternoon hours, and is atits lowest in the evening. Hank is having trouble deciding how many muffins to make foreach period of the day. He asked you to help him forecast the demand. If you do a goodjob in forecasting the demand for tomorrow, Hank will pay you to do this job on a recurringbasis. The following is the demand data Hank collected in the past three days:

Day 1 2 3
Period Morning Afternoon Evening Morning Afternoon Evening Morning Afternoon
Evening
37 25 9 48 28 14 53 33
17

Answer 1

The responses to the given question can be defined as follows:

Explanation:

Please find the complete question in the attached file.

`Day \ \ \ \ \ \ \ \ \ \ Period \ \ \ \ \ \ \ \ \ \ Demand \ \ \ \ \ \ \ \ \ \ 5-period moving average`

`1 \ \ \ \ \ \ \ \ \ \ \ Morning \ \ \ \ \ \ \ \ \ \ \ 37 \\\\`

`Afternoon \ \ \ \ \ \ \ \ \ \ \ 25 \\\\ Evening \ \ \ \ \ \ \ \ \ \ \ 9`

`2 \ \ \ \ \ \ \ \ \ \ \ Morning \ \ \ \ \ \ \ \ \ \ \48 \\\\`

`Afternoon\ \ \ \ \ \ \ \ \ \ \ 28 \\\\`

`Evening \ \ \ \ \ \ \ \ \ \ \ 14 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 29.4 \\\\`

`3 \ \ \ \ \ \ \ \ \ \ \ Morning \ \ \ \ \ \ \ \ \ \ \ 53 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 24.8\\\\`

`Afternoon \ \ \ \ \ \ \ \ \ \ \ 33 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 30.4\\\\Evening \ \ \ \ \ \ \ \ \ \ \ 17 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 35.2\\\\`

`4\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Morning \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 29\\\\`

`Afternoon\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 29.25\\\\Evening \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 34.33333\\\\`