Saint Lucia Saint Lucia is an overseas territory of the United Kingdom with a population in 2007 of 171,000. It is an island of 616 square miles and counts as its neighbors Barbados, Saint Vincent, The Grenadines, and Martinique. It is an island with a growing tourist industry and offers the attraction of long sandy beaches, stunning nature trails, superb diving in deep blue waters, and relaxing spas. With an increased tourism goes the demand for hotel and restaurants. Related to these two hospitality institutions is the volume of wine in thousand liters, sold per month during 2005, 2006, and 2007. This data is given in Table 1. In addition, the local tourist bureau published data on the number of tourists visiting Saint Lucia for the same period. This information is in Table 2. Table 1 Month Unit wine sales (1.000 liters) 2005 2006 2007 January 530 535 578 February 436 477 507 March 522 530 562 April 448 482 533 May 422 498 516 June 499 563 580 July 478 488 537 August 400 428 440 September 444 430 511 October 486 486 480 November 437 502 499 December 501 547 542 Table 2 Month Tourist bookings 2005 2006 2007 January 28,700 29,800 30,800 February 23,200 25,200 28,000 March 29,000 28.000 31.000 April 23.500 26.000 28.400 May 21.900 25,000 27.500 June 25,300 31,000 32,000 July 26,000 25,550 31,000 August 20.100 23,200 22,000 September 22,300 24,100 26,000 October 25.100 25.100 27,000 November 22.600 27,000 28,000 December 27,000 31,900 30,200 Required Use the data for forecasting purposes and develop and test an appropriate model. Saint Lucia Saint Lucia is an overseas territory of the United Kingdom with a population in 2007 of 171,000. It is an island of 616 square miles and counts as its neighbors Barbados, Saint Vincent, The Grenadines, and Martinique. It is an island with a growing tourist industry and offers the attraction of long sandy beaches, stunning nature trails, superb diving in deep blue waters, and relaxing spas. With an increased tourism goes the demand for hotel and restaurants. Related to these two hospitality institutions is the volume of wine in thousand liters, sold per month during 2005, 2006, and 2007. This data is given in Table 1. In addition, the local tourist bureau published data on the number of tourists visiting Saint Lucia for the same period. This information is in Table 2. Table 1 Month Unit wine sales (1.000 liters) 2005 2006 2007 January 530 535 578 February 436 477 507 March 522 530 562 April 448 482 533 May 422 498 516 June 499 563 580 July 478 488 537 August 400 428 440 September 444 430 511 October 486 486 480 November 437 502 499 December 501 547 542 Table 2 Month Tourist bookings 2005 2006 2007 January 28,700 29,800 30,800 February 23,200 25,200 28,000 March 29,000 28.000 31.000 April 23.500 26.000 28.400 May 21.900 25,000 27.500 June 25,300 31,000 32,000 July 26,000 25,550 31,000 August 20.100 23,200 22,000 September 22,300 24,100 26,000 October 25.100 25.100 27,000 November 22.600 27,000 28,000 December 27,000 31,900 30,200 Required Use the data for forecasting purposes and develop and test an appropriate model
