Operations Manager: SINGLEEQ

Single-Server Queues (SINGLEEQ)

Our approach to forecasting seasonal data is based on the classical decomposition method developed by economists in the nineteenth century. Decomposition means separation of the time series into its component parts. A complete decomposition separates the time series into four components: seasonality, trend, cycle, and randomness. The cycle is a long-range pattern related to the growth and decline of industries or the economy as a whole.