Use the table food and beverage sales for luigis italian, Ask an Expert

Accounting

Use the table "Food and Beverage Sales for Luigi's Italian Restaurant" to answer the questions below.

Food and Beverage Sales for Luigi's Italian Restaurant ($000s)
Month	First Year	Second Year
January	218	237
February	212	215
March	209	223
April	251	174
May	256	174
June	216	135
July	131	142
August	137	145
September	99	110
October	117	117
November	137	151
December	213	208

Part (a): Calculate the regression line and forecast sales for February of Year 3.
Part (b): Calculate the seasonal forecast of sales for February of Year 3.
Part (c): Which forecast do you think is most accurate and why?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9960679

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