Solution-Which forecast do you think is most accurate and

Which forecast do you think is most accurate and why

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Reference no: EM131796965

Use the table "Food and Beverage Sales for Luigi's Italian Restaurant" to answer the questions below.

Food and Beverage Sales for Luigi's Italian Restaurant
($000s)

Month First Year Second Year

January 218 237

February 212 215

March 209 223

April 251 174

May 256 174

June 216 135

July 131 142

August 137 145

September 99 110

October 117 117

November 137 151

December 213 208

Part (a) Calculate the regression line and forecast sales for February of Year 3.

Part (b) Calculate the seasonal forecast of sales for February of Year 3.

Part (c) Which forecast do you think is most accurate and why?

Reference no: EM131796965

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Which forecast do you think is most accurate and why

Reference no: EM131796965

Reference no: EM131796965

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