Question: Solution Requirements Utilize Microsoft Excel to complete the following steps: Create a linear trend forecast for the next ten games. Hint : You will have

Solution Requirements

Utilize Microsoft Excel to complete the following steps:

  1. Create a linear trend forecast for the next ten games. Hint: You will have to create a linear trend equation for each game of the season across all six years. In other words, use all six years of info for Game 1 to create a Game 1 trend equation. Then repeat for Game 2 through Game 5. Once you have the equation for each of the five games, a forecast can be made for each game across the next two years to give you ten game forecasts.

    Game 1

    Year (x)

    Attendees (y)

    X2

    XY

    1

    2

    3

    4

    5

    6

    Sum

    Avg

  2. Compute seasonal indices for each game. Use this to adjust the linear trend forecast generated in the previous step for the next ten games. Hint: Use games as seasons, with the six years of data for each season.
  3. Calculate the MAD, MSE, and MAPE. Assume the actual demand for the next ten games is:

Actual 2016

Actual 2017

Game 1

47500

48500

Game 2

53500

55800

Game 3

48500

52800

Game 4

37050

38100

Game 5

49500

53100

236050

248300

4. Use the forecast and information in the case on ticket prices to project revenue for the next two seasons.

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