Question
I need help with this problem. I am so confused and don't know where to begin. Attendance generally averaged 25,000 to 29,000 per game. Season
I need help with this problem. I am so confused and don't know where to begin.
Attendance generally averaged 25,000 to 29,000 per game. Season ticket sales bumped up by 10,000 just with the announcement of the new coach's arrival.The existing stadium has seating for 54,000 fans. The new coach also sought a revenue projection assuming an average ticket price of $20 in 2014 and a 5% increase each year in future prices. The following table indicates attendance at each game for the past six years.
1. Develop a forecasting model, justify its selection over other techniques, and project attendance through 2015.
2. What revenures are to be expected in 2014 and 2015?
3. Discuss the school's options.
I need help with this problem. I am so confused and don't know where to begin. Attendance generally averaged 25,000 to 29,000 per game. Season ticket sales bumped up by 10,000 just with the announcement of the new coach's arrival. The existing stadium has seating for 54,000 fans. The new coach also sought a revenue projection assuming an average ticket price of $20 in 2014 and a 5% increase each year in future prices. The following table indicates attendance at each game for the past six years. Southwestern University Football Game Attendance, 2008-2013 Homecoming games During the fourth week of each season, Stephenville hosted a hugely popular southwestern crafts festival. This event brought tens thousands of tourists to the town, especially on weekends, and had an obvious negative impact on game attendance. 1. Develop a forecasting model, justify its selection over other techniques, and project attendance through 2015. 2. What revenures are to be expected in 2014 and 2015? 3. Discuss the school's optionsStep by Step Solution
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