Question: RU Hungrys General Manager is performing some longer range planning and is interested to know what the forecasted demand will be over the next one
RU Hungrys General Manager is performing some longer range planning and is interested to know what the forecasted demand will be over the next one year time horizon. Using simple linear regression as your forecasting technique, please provide your demand forecast for periods 18, 19, 20 and 21.
RUHungry Banquet Hall Guests Served by quarter since January 2017.
| Calendar Year | Quarter | Period # | Guests Served |
| 2017 | 1 | 1 | 3,500 |
|
| 2 | 2 | 8,300 |
|
| 3 | 3 | 5,400 |
|
| 4 | 4 | 9,050 |
| 2018 | 1 | 5 | 4,300 |
|
| 2 | 6 | 5,800 |
|
| 3 | 7 | 3,300 |
|
| 4 | 8 | 5,800 |
| 2019 | 1 | 9 | 5,200 |
|
| 2 | 10 | 9,300 |
|
| 3 | 11 | 7,700 |
|
| 4 | 12 | 15,300 |
| 2020 | 1 | 13 | 13,500 |
|
| 2 | 14 | 17,500 |
|
| 3 | 15 | 12,800 |
|
| 4 | 16 | 18,300 |
| 2021 | 1 | 17 | 13,600 |
|
2022 | 2 3 4 1
| 18 19 20 21 | ???? ???? ???? ????
|
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