Answered: Membership in the Cape Fear Health Club…

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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Membership in the Cape Fear Health Club has been recorded for the past nine years. Management wants to determine the trend of membership in order to project future space needs. This estimate would help the club determine whether a future expansion will be needed. Given the following time series data, develop a regression equation relating memberships to years.

Based on your regression equation, what is your forecast for 2020 memberships? Memberships are in hundreds.

Year > 2011 2012 2013 2014 2015 2016 2017 2018 2019

#'s > 11 13 15 17 16 18 20 19 23

Group of answer choices

24.6

23.3

25.9

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