Question: This is a review problem. If you can workout this step by step and show what steps you used on excel that would be helpful.

 This is a review problem. If you can workout this step

by step and show what steps you used on excel that would

be helpful. also please explain what is going on for each problem

This is a review problem. If you can workout this step by step and show what steps you used on excel that would be helpful. also please explain what is going on for each problem . Thank you

The Vintage Restaurant, on Captiva Island near Fort Myers, Florida, is owned and operated by Clarita Quiones. The restaurant just completed its third year of operation. During that time, Clarita sought to establish a reputation for the restaurant as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Clarita and her staff, her restaurant has become one of the best and fastest-growing restaurants on the island. To better plan for future growth of the restaurant, Clarita needs to develop a system that will enable her to forecast food and beverage sales by month for up to one year in advance. Table 15.17 shows the value of food and beverage sales ( $1000 s) for the first three years of operation. L0 4,5,6 Food and Beverage Sales for the Vintage Restaurant (\$1000s) Managerial Report Perform an analysis of the sales data for the Vintage Restaurant. Prepare a report for Clarita that summarizes your findings, forecasts, and recommendations. Include the following: 1. A time series plot. Comment on the underlying pattern in the time series. 2. Using the dummy variable approach, forecast sales for January through December of the fourth year. Assume that January sales for the fourth year turn out to be $295,000. What was your forecast error? If this error is large, Clarita may be puzzled about the difference between your forecast and the actual sales value. What can you do to resolve her uncertainty in the forecasting procedure

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