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Calculate the simple 3-month moving average forecast for December - March

Calculate the simple 3-month moving average forecast for December - March

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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Calculate the simple 3-month moving average forecast for December - March.
Transcribed Image Text:Calculate the simple 3-month moving average forecast for December - March.
Attendance at the local university basketball games is fairly consistent from year to year. The table below shows average attendance per game for each month of the 2019-20 season, before the university shut down for COVID. Month Attendance per Game September October November December January February March 350 500 450 575 650 700 625 Due to COVID restrictions, maximum capacity now must be no more than 50% of the building capacity of 950 people. Based on last season's data, calculate the forecasts for attendance per game in each month December - March, using the different methods below. Remember to adjust for the COVID restrictions.
Transcribed Image Text:Attendance at the local university basketball games is fairly consistent from year to year. The table below shows average attendance per game for each month of the 2019-20 season, before the university shut down for COVID. Month Attendance per Game September October November December January February March 350 500 450 575 650 700 625 Due to COVID restrictions, maximum capacity now must be no more than 50% of the building capacity of 950 people. Based on last season's data, calculate the forecasts for attendance per game in each month December - March, using the different methods below. Remember to adjust for the COVID restrictions.
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