Hawaii tourism. Much of the public and private industry in Hawaii depends on tourism. The following time
Question:
Hawaii tourism. Much of the public and private industry in Hawaii depends on tourism. The following time series plot shows the total number of visitors to Hawaii by air from the rest of the United States per month from January 2002 to December 2006.
a) Interpret the P-value for the trend coefficient.
b) You are planning to visit Hawaii and hope to avoid the crowds. When should you go? (Name the two best months.)
c) You are planning to advertise your product (a new sunscreen/
massage oil combination) to tourists visiting Hawaii. What two months would be the best times to advertise?
d) How many tourists would you predict for Hawaii in April 2007 (month 63 of this series)?
Step by Step Answer:
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe