week 4
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Business Finance
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Use the table “Food and Beverage Sales for Jimmy’s Greek Restaurant” to answer the questions below.
Food and Beverage Sales for Jimmy’s Greek Restaurant ($000s) | ||
Month | First Year | Second Year |
January | 242 | 263 |
February | 235 | 238 |
March | 232 | 247 |
April | 278 | 193 |
May | 284 | 193 |
June | 240 | 149 |
July | 145 | 157 |
August | 152 | 161 |
September | 110 | 122 |
October | 130 | 130 |
November | 152 | 167 |
December | 236 | 231 |
Part (a): Calculate the regression line and forecast sales for January of Year 3.
Part (b): Calculate the seasonal forecast of sales for January of Year 3.
Part (c): Which forecast do you think is most accurate and why? (Points : 30)
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