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Can you please answer question #1 and #2 using excel?

Can you please answer question #1 and #2 using excel?

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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Can you please answer question #1 and #2 using excel?
Sales Second Year Month Sales Third Year Month Sales January 242 January 263 January 282 February 235 February 238 February 255 March 232 March 247 March 265 April 178 April 193 April 205 May 184 May 193 May 210 June 140 June 149 June 160 July 145 July 157 July 166 August 152 August 161 August 174 September 110 September 122 September 126 October 130 October 130 October 148 November 152 November 167 November 173 December 206 December 230 December 235 First Year Month
Transcribed Image Text:Sales Second Year Month Sales Third Year Month Sales January 242 January 263 January 282 February 235 February 238 February 255 March 232 March 247 March 265 April 178 April 193 April 205 May 184 May 193 May 210 June 140 June 149 June 160 July 145 July 157 July 166 August 152 August 161 August 174 September 110 September 122 September 126 October 130 October 130 October 148 November 152 November 167 November 173 December 206 December 230 December 235 First Year Month
The Nine Roses Restaurant, in New Orleans, is owned and operated by Lana and Jeffrey Lee. The restaurant just completed its third year of operations. Since opening Nine Roses, the Lees have sought to establish a reputation for the restaurant as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Lana and Jeffrey as well as their staff, Nine Roses has become one of the best and fastest growing restaurants in New Orleans. To better plan for future growth of the restaurant, Lana and Jeffrey needs to develop a system that will enable them to forecast food and beverage sales by month for up to one year in advance. The file "Nine Roses" shows the value of food and beverage sales ($1000s) for the first three years of operation. 1. A time series plot. Comment on the underlying pattern in the time series. 2. An analysis of the seasonality of the data. Indicate the seasonal indices for each month, and comment on the high and low seasonal sales months. Do the seasonal indices make intuitive sense? Discuss.
Transcribed Image Text:The Nine Roses Restaurant, in New Orleans, is owned and operated by Lana and Jeffrey Lee. The restaurant just completed its third year of operations. Since opening Nine Roses, the Lees have sought to establish a reputation for the restaurant as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Lana and Jeffrey as well as their staff, Nine Roses has become one of the best and fastest growing restaurants in New Orleans. To better plan for future growth of the restaurant, Lana and Jeffrey needs to develop a system that will enable them to forecast food and beverage sales by month for up to one year in advance. The file "Nine Roses" shows the value of food and beverage sales ($1000s) for the first three years of operation. 1. A time series plot. Comment on the underlying pattern in the time series. 2. An analysis of the seasonality of the data. Indicate the seasonal indices for each month, and comment on the high and low seasonal sales months. Do the seasonal indices make intuitive sense? Discuss.
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