# Budget and Forecast Problem

FratBro23
Category:
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!)

(Top Tutor) Daniel C.
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