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Ray Anderson, owner of Anderson Ski Lodge in upstate New York, is interested in forecasting the number of visitors for the upcoming year. The following data are available, by quarter, from the first quarter of 2007 to the fourth quarter of 2013. Develop a seasonal index for each quarter. How many visitors would you expect for each quarter of 2014, if Ray projects that there will be a 10% increase from the total number of visitors in 2013? Determine the trend equation, project the number of visitors for 2014, and seasonally adjust the forecast. Which forecast would youchoose? |
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