Question
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
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.
Number | ||||||||||||||||||||||
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 | 2019 1Q | 2019 2Q | 2019 3Q | 2019 4Q | 2020 1Q | 2020 2Q | 2020 3Q | 2020 4Q | 2021 1Q | 2021 2Q |
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 | 61,844 | 62,068 | 71,068 | 60,606 | 44,728 | 2,671 | 19,047 | 27,126 | 28,464 | 25,625 |
Use a suitable method to forecast the swimming pool attendances for every quarter between 2020 1Q and 2021 2Q, assuming that actual data in that range is not yet available. After that, combined with the actual data, estimate the income loss of the swimming pool for each quarter in that range, assuming that each attendance brings in income of $5 for the swimming pool. Please limit the answer to within two pages.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started