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?