Instruction 14-15 the Number of Train Passengers Arriving in Adelaide on the on the Overland

question 24

Short Answer

Instruction 14-15
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 14-15,the Holt-Winters method for forecasting with smoothing constant of 0.9 for both level and trend will be used to forecast the number of arrivals.The forecast for the seventh Monday is _______.

---

Definitions:

Wages

Payment to an employee from an employer for the labor or services performed, typically calculated on an hourly, daily, or piecework basis.

Salaries

Fixed regular payments made by an employer to an employee, typically expressed as an annual sum and taxed as ordinary income.

Tips

Additional money given to service workers for performed services, which is considered taxable income by the IRS.

Tax Liability

The total amount of tax owed to the government by an individual, corporation, or other entity by a specified date.