The Downtown Soccer Club has boys and girls travel soccer teams at all age levels up to
Question:
The soccer club wants to develop a forecasting model to demonstrate to the town its expected growth in the future.
a. Develop a linear trend line forecast to predict the number of soccer players the club can expect next year.
b. The town planning department has told the soccer club that the town expects to grow to a population of 39,300 by next year and to 40,000 in five years. Develop a linear regression model using the towns population as a predictor of the number of club soccer players and compare this forecasting model to the one developed in part (a).Which forecasting model should the club use to support its request for new fields?
Step by Step Answer:
Operations Management Creating Value Along the Supply Chain
ISBN: 978-1118301173
1st Canadian Edition
Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi