Problem 9 Demand at Nature Trails Ski Resort has a seasonal pattern. Demand is h

Question

Problem 9 Demand at Nature Trails Ski Resort has a seasonal pattern. Demand is highest during the winter, as this is the peak ski season. However, there is some ski demand in the spring and even fall months. The summer months can also be busy as visitors often come for summer vacation to go hiking on the mountain trails. The owner of Nature Trails would like to make a forecast for each season of the next year. Total annual demand has been estimated at 4,100 visitors. Given the last two years of historical data, what is the forecast for each season of the next year? Visitors 202 500 Season Year 1 Year 2 Fall Winter Spring Summer 229 1,579 587 796 1,417 737 (Round your answers to 0 decimal place, the tolerance is +/-1.) Forecast Season Fall Winter Spring Summer

Explanation / Answer

Explanation: It is given that the total number of estimated visitiors is 4100 and assuming the same porportional allocation of the visitios across the seasons we forcased the seasonal vistiors which given in the column year 3 which shows that the forcasted demand is highest in winter and lowest in Fall.

Season Year 1 Porpotion Year 2 Porpotion Year 3 Fall 202 0.07 229 0.07 294 Winter 1417 0.50 1579 0.49 2029 Spring 500 0.18 587 0.18 754 Summer 737 0.26 796 0.25 1023 Total 2856 1 3191 1 4100

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