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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: