Question: FORECASTING WITH LINEAR REGRESSION EXERCISE Pinguino is a company that has gained a good reputation for the ice-creams that they sell. The company was founded

FORECASTING WITH LINEAR REGRESSION EXERCISE

FORECASTING WITH LINEAR REGRESSION EXERCISE "Pinguino" is a company that has gained a good reputation for the ice-creams that they sell. The company was founded in New York City by Vito De Leone. Given the great success of Pinguino ice-creams in New York City, now Mr. De Leone is considering expansion. There is an opportunity to open a new branch in Santa Monica, California. Mr. De Leone has hired you as an expert consultant to prepare a "deseasonalized demand forecast for year 2020 based on the following data: FORECAST FOR YEAR 2020 FORECAST FOR YEAR 2020 YEAR 2019 Period BIMESTER DEMAND (Y) SEASON AVERAGE SEASONAL FACTOR (X) January& February 300 400 2 March & April 1,900 1,800 May & June 2,100 2,000 July & August 8,000 7,900 September & October 2,000 2,200 November & December 200 180 YEAR 2020 Period (X) TREND FORECAST SEASONAL FACTOR FINAL FORECAST TOTAL DEMAND FOR YEAR 2020

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