Silver Screen Inc. is a movie distribution company. It has kept records of total annual movie ticket


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Silver Screen Inc. is a movie distribution company. It has kept records of total annual movie ticket 1 answer below » Silver Screen Inc. is a movie distribution company. It has kept records of total annual movie ticket sales for one community over ten years. These data have been related to other publicly available data as shown in Table 3.8. For these data: Plot the data so that you can advise Silver Screen’s management on a predictive model for movie ticket sales for the next few years. Discuss the relative merits of various regression and smoothing models with reference to the available data. Calculate View complete question » Silver Screen Inc. is a movie distribution company. It has kept records of total annual movie ticket sales for one community over ten years. These data have been related to other publicly available data as shown in Table 3.8. For these data: Plot the data so that you can advise Silver Screen’s management on a predictive model for movie ticket sales for the next few years. Discuss the relative merits of various regression and smoothing models with reference to the available data. Calculate both simple and multiple regressions. Table 3.8. Ticket sales, households and household income Year Ticket sales Households Average household income ($/year) 1992 75,000 20,000 32,250 1993 82,000 20,850 34,825 1994 81,100 22,000 37,580 1995 85,250 21,800 42,015 1996 94,350 21,450 41,870 1997 92,700 22,100 44,280 1998 95,280 23,750 47,850 1999 96,480 24,100 49,250 2000 94,300 24,800 51,380 2001 97,800 25,370 54,890 Calculate moving average, weighted moving average and exponential smoothing models. Establish three-year forecasts under each of the above models. Advise management as to the suitability and reliability of forecasts established under each model. View less » Aug 21 2015 03:39 PM

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