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Alvin Cheah is a marketing analyst for Rockstar Travel Company. He wants to analyze the trend of international tourist arrival in Tawau by using international tourist arrival rate and flight delayed rate over the past 10 years as given in Table 2 below: (Hint: Provides your answers in two decimal points) (i) Propose ONE (1) forecasting model that can be used by Alvin. Why would you proposed that particular model? (ii) Develop the forecasting model that you suggest in (i). Briefly explain your model.

Alvin Cheah is a marketing analyst for Rockstar Travel Company. He wants to analyze the trend of international tourist arrival in Tawau by using international tourist arrival rate and flight delayed rate over the past 10 years as given in Table 2 below: (Hint: Provides your answers in two decimal points) (i) Propose ONE (1) forecasting model that can be used by Alvin. Why would you proposed that particular model? (ii) Develop the forecasting model that you suggest in (i). Briefly explain your model.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Alvin Cheah is a marketing analyst for Rockstar Travel Company. He wants to analyze the trend of
international tourist arrival in Tawau by using international tourist arrival rate and flight delayed rate over
the past 10 years as given in Table 2 below: (Hint: Provides your answers in two decimal points)

(i) Propose ONE (1) forecasting model that can be used by Alvin. Why would you proposed that particular model?
(ii) Develop the forecasting model that you suggest in (i). Briefly explain your model.

You lead a family day project for welcoming the arrival of the new students to the campus. The accompanying Table 1 shows the activitles, times and sequences required for the project planning and monitoring. Table 1 Immediate Predecessors Activities Time (In Days) 6. C. B,C В, С 9. 10 12 H. F,G 8. Based on the Table 1, using Critical Path Method (CPM) diagram, determine the ES, EF, LS & LF, identify the critical activities, critical path and the expected project completion time.
Transcribed Image Text:You lead a family day project for welcoming the arrival of the new students to the campus. The accompanying Table 1 shows the activitles, times and sequences required for the project planning and monitoring. Table 1 Immediate Predecessors Activities Time (In Days) 6. C. B,C В, С 9. 10 12 H. F,G 8. Based on the Table 1, using Critical Path Method (CPM) diagram, determine the ES, EF, LS & LF, identify the critical activities, critical path and the expected project completion time.
Alvin Cheah is a marketing analyst for Rockstar Travel Company. He wants to analyze the trend of international tourist arrival in Tawau by using international tourist arrival rate and flight delayed rate over the past 10 years as given in Table 2 below: (Hint: Provides your answers in two decimal points) Table 2 Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Arrival 35.5 28.0 30.3 36.0 49.5 56.0 72.4 71.0 79.3 96.0 C000) Delayed rate 4.2 3.8 3.8 3.5 4.6 4.5 4.6 4.6 4.7 4.5
Transcribed Image Text:Alvin Cheah is a marketing analyst for Rockstar Travel Company. He wants to analyze the trend of international tourist arrival in Tawau by using international tourist arrival rate and flight delayed rate over the past 10 years as given in Table 2 below: (Hint: Provides your answers in two decimal points) Table 2 Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Arrival 35.5 28.0 30.3 36.0 49.5 56.0 72.4 71.0 79.3 96.0 C000) Delayed rate 4.2 3.8 3.8 3.5 4.6 4.5 4.6 4.6 4.7 4.5
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