Use the table “Food and Beverage Sales for Paul’s Pizzeria” to answer the questions below.
shahimermaid
Food and Beverage Sales for Paul’s Pizzeria Restaurant ($000s) | ||
Month | First Year | Second Year |
January | 55 | 60 |
February | 53 | 54 |
March | 53 | 56 |
April | 63 | 44 |
May | 64 | 44 |
June | 54 | 34 |
July | 33 | 36 |
August | 35 | 37 |
September | 25 | 28 |
October | 30 | 30 |
November | 35 | 38 |
December | 54 | 52 |
Part (a) Calculate the regression line and forecast sales for March of Year 3.
Part (b) Calculate the seasonal forecast of sales for March of Year 3.
Part (c) Which forecast do you think is most accurate and why?
- 11 years ago
- 5
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