samolet Posts: 3, Reputation: 1 New Member #1 Nov 17, 2011, 09:42 PM
Use the table “Food and Beverage Sales for Luigi’s Italian Restaurant” to answer the
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?
 maengla6 Posts: 2, Reputation: 1 New Member #2 May 24, 2012, 03:10 PM
Food and beverage sales for luigi's italian restaurant
 paraclete Posts: 2,705, Reputation: 172 Ultra Member #3 May 24, 2012, 04:05 PM
Originally Posted by samolet
Use the table “Food and Beverage Sales for Luigi's Italian Restaurant” to answer the questions below.

Although both January and March show significant growth, February is remarkablely stable I'd call it in at 215 which is conservative

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