Considering the trend and seasonality

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A tourist center is open in Spring, Summer, Fall, Winter. The owner-manager hopes to improve scheduling of full-time employees by determining seasonal relatives for each of these seasons. Data on recent traffic at the center have been tabulated and are shown in the following table:

Year 2014 2015

Spring 24 28

Summer 20 22

Fall 16 19

Winter 13 15

Using the depersonalized data, it is observed that the demand is linearly increasing with time. The fitted trend line formulation is F(t) = 16.8+0.7t, where t=1 represents the Spring ’14. What would be your forecast for Spring ’16 considering the trend and seasonality? Show your work.

Reference no: EM131034520

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