The number of haircuts performed each day at KwikKuts in the last four weeks are listed below.
a. Plot the sales data. Do you see both trend and seasonality components in the data?
b. Forecast the number of haircuts to be performed in each workday of week 6.
Definitions:
Web Survey
A research method involving the collection of data through questionnaires or surveys distributed over the Internet.
Observational Data
Data collected by observing subjects in their natural environment without interference or manipulation by the observer.
Polygraph
A device used to measure and record bodily responses such as heart rate and perspiration, used in an attempt to determine whether someone is telling the truth.
Open-Ended Questions
Questions formulated to allow for a detailed, descriptive response rather than a simple yes or no.
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