Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 29 The Diner generated sales of $22,000, $20,000, and $18,000 for the past three weeks. Using a three-week moving average what is the forecast

image text in transcribedimage text in transcribed

QUESTION 29 The Diner generated sales of $22,000, $20,000, and $18,000 for the past three weeks. Using a three-week moving average what is the forecast sales for the coming week? The Diner generated sales of $22,000, $20,000, and $18,000 for $20,000 $40,000. $60,000. Cannot be determined from the information given. QUESTION 30 Which of the following is a relevant factor in the selection of a forecasting method for a hospitality operation? The frequency with which forecasts will be updated. The turnaround required for an updated forecast. The purposes for which forecasts are made and the effectiveness of the method selected. All of the above. Only a. and c. above. The Mansion uses the following regression equation to forecast dinners served in the Mansion's dining room: y = 250 +1.5x Which figure represents the number of rooms that were occupied on the previous evening and which figure represents the number of walk-in guests? The calculated number that equals "x" represents the occupied rooms and the number 250 represents the walk-in guests. The calculated number y represents the total number of guests. O The calculated number that will equal "y" represents the occupied rooms and the number 250 represents the walk-in guests. The calculated number that will equal "y" represents the occupied rooms and the number 1.5 represents the walk-in guests. The calculated number that will equal "x" represents the occupied rooms and the number 1.5 represents the walk-in guests. Only a and c. above. QUESTION 32 You review a computer-generated graph of dinner covers over the past five years. Which of the following types of patterns would you find if the graph showed a steady decrease in sales with each passing year? Trend pattern. O Seasonal pattern. Cyclical pattern. O Scatter pattern

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

Students also viewed these Accounting questions