A resort hotel performed a quarterly time series analysis for demands over the last five years (periods 1 through 20). The analysis resulted in the following trend equation and seasonal indexes:
Ŷ = 1000 + 150t Based on the seasonal indexes, which quarter is expected to have 15% more demand than predicted by the trend line?

Question

A resort hotel performed a quarterly time series analysis for demands over the last five years (periods 1 through 20). The analysis resulted in the following trend equation and seasonal indexes:
Ŷ = 1000 + 150t  Based on the seasonal indexes, which quarter is expected to have 15% more demand than predicted by the trend line?

Quizplus · Accepted Answer

The Answer of A resort hotel performed a quarterly time series analysis for demands over the last five years (periods 1 through 20). The analysis resulted in the following trend equation and seasonal indexes:
Ŷ = 1000 + 150t  Based on the seasonal indexes, which quarter is expected to have 15% more demand than predicted by the trend line?

A Resort Hotel Performed a Quarterly Time Series Analysis for Demands