Determining seasonally adjusted forecast

Assignment Help Basic Statistics
Reference no: EM1398611

Small Wonder, an amusement park, experiences seasoned attendance. It has collected two years of quarterly attendance data and made a forecast of annual attendance for the upcoming year. Compute the seasonal indexes for the four quarters and generate quarterly forecasts for the coming year, assuming annual attendance for the coming year to be 1525.

Quarter Park Attendance Year 1 Park Attendance Year 2

Fall 352 391

Winter 156 212

Spring 489 518

Summer 314 352

Reference no: EM1398611

Questions Cloud

Explain the basic process of the digestive system : When you added primary antibody to the wells, what happened if your sample contained the antigen? What are the five basic processes of the digestive system?
Question of exponential smoothing : A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January.
What can be concluded about the effect of carbon chain : What can be concluded about the effect of carbon chain length on red blood cell membrane permeability?
Analyze how japan modernized their economy : Write down review of article "Japanese Spirit, Western Things." In two to three page review, explain the following: Analyze how Japan modernized their economy without embracing Western culture.
Determining seasonally adjusted forecast : Small Wonder, an amusement park, experiences seasoned attendance. It has collected two years of quarterly attendance data and made a forecast of annual attendance for the upcoming year.
Information about exponential smoothing forecast : Given the following data, use exponential smoothing with a=0.2 and a=0.5 to generate forecasts for periods 2 through 6. Use MAD and MSE to decide which of the two models produced a better forecast.
Decoding modified last name into dna sequence : Spell out your last name omititng the letters b,o,j,u,x, and z. Repalce the remaining letters of your last name with corresponding 3 letters of genetic code amino aicds.
Simple exponential smoothing : You're given that the forecast for the current period of 70 turned out to be 6 units less than the actual demand. The forecast for the next period is 75.8.
How cells are unique in their ability to treat diseases : A relative of a friend of yours had a spinal cord injury after a bad car accident. The medical team has decided that this patient is a good candidate for a clinical trial using stem cell therapy.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Find probability of independent events

Find Probability of independent events.Consider again the auto repair rates described. If you own two cars, what is the probability that.

  Statistics research methodology

Choose a business problem that is based upon an experience from your place of work or home environment. Briefly describe the business problem and the research methodology that you would employ to gather data and test your hypothesis

  Some examples of descriptive statistics

Critically discuss some examples of descriptive statistics? Why are they used in research? What is a confidence interval?

  Mean-median-standard deviation and range

Find the range and the standard deviation of the times.

  Frequency distribution to create a probability distribution

Use frequency distribution to create a probability distribution, determine the (b) mean,(c) variance.

  Test the claim of the brewery about the mean volume

Test the claim of the brewery about the mean volume equal to 32 oz. at the 0.05 significance level. It's your choice whether to use z or t.

  Details about binomial distribution

Robert Smith of the "Merrill Lynch Pierce Fenner & Smith" families is engaged in full-time fundraising. He has been quite successful at this because he brings a very structured approach to the process:

  Minimizing the total cost

How many units of capacity should be built to minimize the total cost of providing capacity plus lost sales?

  Difference in proportions observed in the trial

The trial failed to show significance. How many subjects would be required to detect the difference in proportions observed in the trial with 80% power?

  Level of significance-effectiveness of sleeping pill

Do the data indicate that the sleeping pill is effective at a 1% level of significance?

  Find out the optimum solution using the given data

Find out the Optimum solution using the given data. Consider the following linear programming problem. Illustrate what is the optimum solution to this problem?

  Would a better economy lead you to switch jobs

If a worker is chosen at random, what is the probability that he or she.Is very improbable to switch jobs. Is somewhat likely or very likely to switch jobs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd