Instruction 14-19 the Number of Train Passengers Arriving in Adelaide on the on the Overland

question 146

Short Answer

Instruction 14-19
The number of train passengers arriving in Adelaide on the Overland on six successive Mondays were: 60, 72, 96, 84, 36 and 48.
-Referring to Instruction 14-14,the Holt-Winters method for forecasting with smoothing constant of 0.2 for both level and trend will be used to forecast the wine sales.The forecast for 2014 is_______.

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Definitions:

Primary Data

This is data collected directly from its source for the first time, used for a specific research purpose.

Marketing Information System

A system that gathers, analyzes, and disseminates data relevant to a company’s marketing activities.

Demographic Segmentation

Dividing markets on the basis of various demographic or socioeconomic characteristics such as gender, age, income, occupation, household size, stage in family life cycle, education, or ethnic group.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.