Cinema HD an online movie streaming service that offers a wide variety of award-winning TV shows, movies, animes, and documentaries, would like to determine the mathematical trend of memberships in order to project future needs.Year201320142015201620172018201920202021Membership171616212020232524 Use the following time series data, to develop a regression equation relating memberships to time.Forecast 2023 membershipAssuming the COVID-19 pandemic comes to an end in 2021, in your opinion, how will this affect membership? Why? How will this affect your prediction?What are the issues associated with qualitative forecasting, and how are these overcome?Provide an example of qualitative forecasting and explain the shortcomings.

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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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Cinema HD an online movie streaming service that offers a wide variety of award-winning TV shows, movies, animes, and documentaries, would like to determine the mathematical trend of memberships in order to project future needs.

Year	2013	2014	2015	2016	2017	2018	2019	2020	2021
Membership	17	16	16	21	20	20	23	25	24

Use the following time series data, to develop a regression equation relating memberships to time.
Forecast 2023 membership
Assuming the COVID-19 pandemic comes to an end in 2021, in your opinion, how will this affect membership? Why? How will this affect your prediction?

What are the issues associated with qualitative forecasting, and how are these overcome?
Provide an example of qualitative forecasting and explain the shortcomings.

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