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    samolet's Avatar
    samolet Posts: 3, Reputation: 1
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    #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's Avatar
    maengla6 Posts: 2, Reputation: 1
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    #2

    May 24, 2012, 03:10 PM
    Food and beverage sales for luigi's italian restaurant
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #3

    May 24, 2012, 04:05 PM
    Quote Originally Posted by samolet View Post
    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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