Question: Class Problem 2 - Amusement Park - The manager of an ice cream parlour (located in an amusement park) has collected the following data for

Class Problem 2 - Amusement Park - The manager of an ice cream parlour (located in an amusement park) has collected the following data for last summer sales (4 weeks in - Because the store sells an organic type ice cream (with very short shelf life) the owner needs to do a very good forecasting for the quantity of ice cream that he needs to order. a. Compute the linear trend (LT) model. Compute forecast for week 16. Discuss the reliability. b. Compute the regression line (RL) if the owner believes that the temperature is the only predictor for the quantity of ice cream sold. What would be the sales in a week with Average Temp of 32 Celsius degrees? c. Compute MAD, MSE and MAPE for RL model

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