THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 51

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The Pyramids of Giza is one of the most visited monuments in Egypt.The number of visitors per quarter has been recorded (in thousands)as shown in the accompanying table:
Year

-Discuss why exponential smoothing is not recommended as a forecasting method in this case.

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Definitions:

Ownership Proportion

The percentage of shares or interest held in an entity, determining the extent of control or influence an owner has over that entity.

AASB 3

The Australian Accounting Standards Board standard that deals with the accounting treatment for business combinations.

Fair Value Method

An accounting strategy that assesses assets or liabilities at their current market value, rather than at historical cost or future projected value.

Proportionate Interest Method

An accounting method used to reflect a company's stake in a joint venture by recognizing only its share of assets, liabilities, income, and expenses in its financial statements.