Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the question below based on pic I attached. 1. Data for Southwest Airlines' quarterly income for the years 1995-1999 are given in Table 7.

Answer the question below based on pic I attached.

1. Data for Southwest Airlines' quarterly income for the years 1995-1999 are given in Table 7. If the Holt's method is used and weights are chosen by optimal ARIMA in Minitab, what is the forecast for the next period?

a.130

b.190

c.91.25

d.112.9

image text in transcribedimage text in transcribedimage text in transcribed
Year Month Sales 1986 Jan. 105.6 1986 Feb. 99.7 1986 Mar. 114.2 1986 Apr. 115.7 1986 May 125.4 1986 Jun. 120.4 1986 Jul. 120.7 1986 Aug. 124.1 1986 Sep. 124.4 1986 Oct. 123.8 1986 Nov. 121.4 1986 Dec. 152.1 1987 Jan. 106.4 1987 Feb. 105.8 1987 Mar. 120.4 1987 Apr. 125.4 1987 May 129.1 1987 Jun. 129 1987 Jul. 129.3 1987 Aug. 131.5 1987 Sep. 124.5 1987 Oct. 128.3 1987 Nov. 126.9 1987 Dec. 157.2 1988 Jan. 113.6 1988 Feb. 115 1988 Mar. 131.6 1988 Apr. 130.9 1988 May 136 1988 Jun. 137.5 1988 Jul. 134.1 1988 Aug. 138.7 1988 Sep. 131.9 1988 Oct. 133.8 1988 Nov. 140.2 1988 Dec. 171Time Income 1995Q1 11.83 199502 59.72 199503 67.72 199504 43.36 1996Q1 33 199602 85.32 1996Q3 60.86 199604 28.16 199701 50.87 199702 93.83 199703 92.51 199704 80.55 199801 70.01 199802 133.39 1998Q3 129.64 199804 100.38 199901 95.85 199902 157.76 199903 126.98 199904 93.8Year Quarter Sales 1991 4 1,492.40 1991 1 1,439.00 1991 2 1,511.60 1991 3 1,739.40 1992 4 1,936.60 1992 1 1,655.10 1992 2 1,853.50 1992 3 2,079.10 1993 4 2,391.40 1993 1 2,026.50 1993 2 1,936.80 1993 3 2,174.50 1994 4 2,727.30 1994 1 2,275.80 1994 2 2,353.60 1994 3 2,698.40 1995 4 3,301.70 1995 1 2,922.80 1995 2 2,764.00 1995 3 3,123.60

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing

Authors: Philip R Cateora

13th Edition

0073080063, 9780073080062

More Books

Students also viewed these Economics questions

Question

What is Accounting?

Answered: 1 week ago

Question

Define organisation chart

Answered: 1 week ago

Question

What are the advantages of planning ?

Answered: 1 week ago

Question

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

What Is acidity?

Answered: 1 week ago