Budget and Forecast Problem

FratBro23
Category:
Business & Finance
Price: $5 USD

Question description

Use the table “Food and Beverage Sales for Luigi’s Italian Restaurant” to answer the questions below.

Food and Beverage Sales for Luigi’s Italian Restaurant

($000s)

Month

First Year

Second Year

January

218

237

February

212

215

March

209

223

April

251

174

May

256

174

June

216

135

July

131

142

August

137

145

September

99

110

October

117

117

November

137

151

December

213

208



Part (a) Calculate the regression line and forecast sales for February of Year 3.
Part (b) Calculate the seasonal forecast of sales for February of Year 3.
Part (c) Which forecast do you think is most accurate and why?
(Please make sure work is shown and answer is correct. Thank you!)

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: University of Virginia
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