Answered: Park Attendance (in thousands) Year 2…

Business

Management

Park Attendance (in thousands) Year 2 Quarter Year 1 Fall 352 391 Winter 156 212 Spring Summer 489 518 314 352

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Small Wonder, an amusement park, experiences seasonal
attendance. It has collected two years of quarterly attendance
data and made a forecast of annual attendance for the coming
year. Compute the seasonal indexes for the four quarters and
generate quarterly forecasts for the coming year, assuming annual
attendance for the coming year to be 1525.

Park Attendance (in thousands)
Year 2
Quarter
Year 1
Fall
352
391
Winter
156
212
Spring
Summer
489
518
314
352

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