Question
Hello, please help me with this! Thank you! This question is about Forecasting: (Weighted) Moving Average & Exponential Smoothing Since the Covid-19 outbreak, the use
Hello, please help me with this! Thank you! This question is about Forecasting: (Weighted) Moving Average & Exponential Smoothing
Since the Covid-19 outbreak, the use of sports facilities and venues has dropped significantly. You have a group of friends who are frequent visitors to a swimming pool and they are interested in understanding the impact of Covid-19 on the income of the swimming pool operator. Knowing that you have learned the knowledge related to making forecasts, your friends ask for your opinion on the following questions. Please use relevant data below to answer the following questions.
Variable | 2016 1Q | 2016 2Q | 2016 3Q | 2016 4Q | 2017 1Q | 2017 2Q | 2017 3Q | 2017 4Q | 2018 1Q | 2018 2Q | 2018 3Q | 2018 4Q |
Swimming Pool Attendances | 70,624 | 70,558 | 89,561 | 72,729 | 68,326 | 73,466 | 80,331 | 65,911 | 69,520 | 66,513 | 84,040 | 65,742 |
Data continuation
2019 1Q | 2019 2Q | 2019 3Q | 2019 4Q | 2020 1Q | 2020 2Q | 2020 3Q | 2020 4Q | 2021 1Q | 2021 2Q |
61,844 | 62,068 | 71,068 | 60,606 | 44,728 | 2,671 | 19,047 | 27,126 | 28,464 | 25,625 |
Question: Comment on the underlying pattern in the swimming pool attendances over 2016 1Q - 2019 4Q. (10 marks)
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