Question: Please help with this question. if you can only answer one, then PLEASE help with number one! I will make sure to rate a thimbs
Please help with this question. if you can only answer one, then PLEASE help with number one! I will make sure to rate a thimbs up.
Southwestern University: (B): Southwestern University (SWU), a large state college in Stephenville, Texas, enrolls close to 20,000 students. The school is a dominant force in the small city, with more students during fall and spring than permanent residents. I Always a football powerhouse, SWU is usually in the top 20 in college football rankings. Since the legendary Phil Flamm was hired as its head coach in 2012 in hopes of reaching the elusive number-one ranking), attendance at the five Saturday home games each year increased. Prior to Flamm's arrival, attendance generally averaged 25,000 to 29,000 per game. Season ticket sales bumped up by 10,000 just with the announcement of the new coach's arrival. Stephenville and SWU were ready to move to the big time! The immediate issue facing SWU, however, was not NCAA ranking. It was capacity. The existing SWU stadium, built in 1953, has seating for 54,000 fans. The table indicates attendance at each game for the past 6 years. One of Flamm's demands upon joining SWU had been a stadium expansion, or possibly even a new stadium. With attendance increasing, SWU administrators began to face the issue head-on. Flamm had wanted dormitories solely for his athletes in the stadium as an additional feature of any expansion. southwestern University Football Game Attendance, 2013-2018 2013 2014 2015 GAME ATTENDEES OPPONENT ATTENDEES OPPONENT ATTENDEES OPPONENT 1 34.200 Rice 36,100 Miami 35.900 USC 24 39.800 Texas 40,200 Nebraska 40.800 Texas Tech 38.200 Duke 39.100 Ohio State 43.100 Alaska 2 I 26.900 Arkansas 25.300 Nevada 27.900 Arizona B 35.100 TCU 38.200 Boise State 39,200 Baylor 2016 2017 2018 Game Attendees Opponent Attendees Opponent Attendees Opponent 41.900 Arkansas 42.800 Indiana 40,900 LSU 2 46.100 Missouri 46.200 North 50.100 Texas Texas 3 43.900 Florida 44,200 Texas A&M 45.900 Florida 9 30.100 central 99.000 33.900 Southern 34.300 Montana Florida 40.500 LSU 47.800 Oldahoma 49.900 Arizona State SWU's president, Dr. Joel Wisner, decided it was time for his vice president of development to forecast when the existing stadium would "max out." The expansion was, in his mind, a given. But Wisner needed to know how long he could wait. He also sought a revenue projection, assuming an average ticket price of $50 in 2019 and a 5% increase each year in future prices. Discussion Questions 1. Develop a forecasting model, justifying its selection over other techniques, and project attendance through 2020. 2. What revenues are to be expected in 2019 and 20207 3. Discuss the school's options. Southwestern University: (B): Southwestern University (SWU), a large state college in Stephenville, Texas, enrolls close to 20,000 students. The school is a dominant force in the small city, with more students during fall and spring than permanent residents. I Always a football powerhouse, SWU is usually in the top 20 in college football rankings. Since the legendary Phil Flamm was hired as its head coach in 2012 in hopes of reaching the elusive number-one ranking), attendance at the five Saturday home games each year increased. Prior to Flamm's arrival, attendance generally averaged 25,000 to 29,000 per game. Season ticket sales bumped up by 10,000 just with the announcement of the new coach's arrival. Stephenville and SWU were ready to move to the big time! The immediate issue facing SWU, however, was not NCAA ranking. It was capacity. The existing SWU stadium, built in 1953, has seating for 54,000 fans. The table indicates attendance at each game for the past 6 years. One of Flamm's demands upon joining SWU had been a stadium expansion, or possibly even a new stadium. With attendance increasing, SWU administrators began to face the issue head-on. Flamm had wanted dormitories solely for his athletes in the stadium as an additional feature of any expansion. southwestern University Football Game Attendance, 2013-2018 2013 2014 2015 GAME ATTENDEES OPPONENT ATTENDEES OPPONENT ATTENDEES OPPONENT 1 34.200 Rice 36,100 Miami 35.900 USC 24 39.800 Texas 40,200 Nebraska 40.800 Texas Tech 38.200 Duke 39.100 Ohio State 43.100 Alaska 2 I 26.900 Arkansas 25.300 Nevada 27.900 Arizona B 35.100 TCU 38.200 Boise State 39,200 Baylor 2016 2017 2018 Game Attendees Opponent Attendees Opponent Attendees Opponent 41.900 Arkansas 42.800 Indiana 40,900 LSU 2 46.100 Missouri 46.200 North 50.100 Texas Texas 3 43.900 Florida 44,200 Texas A&M 45.900 Florida 9 30.100 central 99.000 33.900 Southern 34.300 Montana Florida 40.500 LSU 47.800 Oldahoma 49.900 Arizona State SWU's president, Dr. Joel Wisner, decided it was time for his vice president of development to forecast when the existing stadium would "max out." The expansion was, in his mind, a given. But Wisner needed to know how long he could wait. He also sought a revenue projection, assuming an average ticket price of $50 in 2019 and a 5% increase each year in future prices. Discussion Questions 1. Develop a forecasting model, justifying its selection over other techniques, and project attendance through 2020. 2. What revenues are to be expected in 2019 and 20207 3. Discuss the school's options