Small Wonder, an amusement park, experiences seasonal attendance. It has collected two years of quarterly attendance data
Question:
Small Wonder, an amusement park, experiences seasonal attendance.
It has collected two years of quarterly attendance data and made a forecast of annual attendance for the coming year. Compute the seasonal indexes for the four quarters and generate quarterly forecasts for the coming year, assuming annual attendance for the coming year to be 1,450.
Park Attendance (in thousands)
Quarter Year 1 Year 2 Fall 345 375 Winter 150 230 Spring 475 505 Summer 335 375
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Related Book For
Operations Management An Integrated Approach
ISBN: 9781119905523
8th Edition
Authors: R. Dan Reid; Nada R. Sanders
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