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1. The following data shows the value of food and beverage sales ($1,000 s) for the first three years of operation of Vintage Restaurant on
1. The following data shows the value of food and beverage sales ($1,000 s) for the first three years of operation of Vintage Restaurant on Captiva Island near Fort Myers, Florida. a) Compute the seasonal indexes b) Which month has the largest change in the value of food and beverage sales? c) Use 3-mth moving average to forecast the value of food and beverage sales for January of the fourth year. d) Use exponential smoothing model to forecast the value of food and beverage sales for January of the fourth year. Assume a smoothing constant of 0.10 . e) Use the trend projection model to forecast the value of food and beverage sales for January of the fourth year. f) Compare the three forecast methods you have used and recommend the forecast for Winter of 2022. g) Discuss the results of the trend projection model for this
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