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In a mountainous tourist destination, a lady sells slippers. Her assistant recorded monthly sales. She then checked the record in the Tourist Community Center, which the record shows on the table below:

In a mountainous tourist destination, a lady sells slippers. Her assistant recorded monthly sales. She then checked the record in the Tourist Community Center, which the record shows on the table below:

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Year 3 Month Feb Apr 498 May 495 Aug Sep Jan Mar Jun Jul Oct Nov Dec Sales 548 468 482 422 401 386 387 378 436 531 (pairs of slippers) No. of 1279 1021 1136 1332 1121 984 822 811 794 785 842 1219 | tourists a. Determine the correlation coefficient between the number of periods and the sales. Is time series a good method of predicting the monthly sales for year 4? b. Determine the correlation coefficient between the sales and the number of tourists in the area. Is a linear regression a good method to predict the sales for a month? Use seasonal forecasting to determine the sales if there are 1500 tourist in the area. d. Which of the methods mentioned above gives the most accurate forecast? С.
Transcribed Image Text:Year 3 Month Feb Apr 498 May 495 Aug Sep Jan Mar Jun Jul Oct Nov Dec Sales 548 468 482 422 401 386 387 378 436 531 (pairs of slippers) No. of 1279 1021 1136 1332 1121 984 822 811 794 785 842 1219 | tourists a. Determine the correlation coefficient between the number of periods and the sales. Is time series a good method of predicting the monthly sales for year 4? b. Determine the correlation coefficient between the sales and the number of tourists in the area. Is a linear regression a good method to predict the sales for a month? Use seasonal forecasting to determine the sales if there are 1500 tourist in the area. d. Which of the methods mentioned above gives the most accurate forecast? С.
2. In a mountainous tourist destination, a lady sells slippers. Her assistant recorded monthly sales. She then checked the record in the Tourist Community Center, which the record shows on the table below: Year 1 Month Sales Feb Jul Aug 388 364 Jan Mar Apr May Jun Oct Nov Sep 351 348 Dec 525 436 458 485 467 402 412 501 (pairs of slippers) No. of 1253 957 1116 1320 1101 963 812 798 764 745 812 1201 tourists Year 2 Month Jan Feb Mar Apr May Jun Jul Oct Aug Sep 392 374 371 358 Nov Dec Sales 533 443 469 492 483 410 426 517 (pairs of slippers) No. of tourists 1263 1008 1122 1334 1111| 973 824 812 783 787 833 1215
Transcribed Image Text:2. In a mountainous tourist destination, a lady sells slippers. Her assistant recorded monthly sales. She then checked the record in the Tourist Community Center, which the record shows on the table below: Year 1 Month Sales Feb Jul Aug 388 364 Jan Mar Apr May Jun Oct Nov Sep 351 348 Dec 525 436 458 485 467 402 412 501 (pairs of slippers) No. of 1253 957 1116 1320 1101 963 812 798 764 745 812 1201 tourists Year 2 Month Jan Feb Mar Apr May Jun Jul Oct Aug Sep 392 374 371 358 Nov Dec Sales 533 443 469 492 483 410 426 517 (pairs of slippers) No. of tourists 1263 1008 1122 1334 1111| 973 824 812 783 787 833 1215
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