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Drupady [299]
2 years ago
3

Southwestern University (SWU), a large state college in Stephenville, Texas, 30 miles southwest of the Dallas/Fort Worth metropl

ex, enrolls close to 20,000 students. In a typical town-gown relationship, the school is a dominant force in the small city, with more students during fall and spring than permanent residents.
A longtime football powerhouse, SWU is a member of the Big Eleven Conference and is usually in the top 20 college football rankings. To bolster its chances of reaching the elusive and long-desired number-one ranking, in 2008 SWU hired the legendary Billy Bob Taylor as its head coach. Although the number-one ranking remained out of reach, attendance at the five Saturday home games each year increased. Prior to Taylor's arrival, attendance generally averaged 25,000 to 29,000 per game. Season ticket sales bumped up by 10,000 just with the announcement of the new coach's arrival. Stephenville and SWU were ready to move to the big time!

The immediate issue facing SWU, however, was not NCAA ranking. It was capacity. The existing SWU stadium, built in 1953, has seating for 54,000 fans. The following table indicates attendance at each game for the past six years.
One of Taylor's demands upon joing SWU had been a stadium expansion, or possibly even a new stadium. WIth attendance increasing, SWU administrators began to face the issue head-on. Taylor had wanted dormitories solely for his athletes in the stadium as a additional feature of any expansion.
SWU's president, Dr. Marty Starr, decided it was time for his vice president of development to forecast when the existing stadium would "max out". He also sought a revenue projection, assuming an average ticket price of $20 in 2014 and a 5% increase each year in future prices.

1.) Develop a forecasting model, justify its selection over other techniques, and project attenandance through 2015.
2.) What revenues are to be expected in 2014 and 2015?
3.) Discuss the school's options.
2008 2009 2010 2011 2012 2013
34200 36100 35900 41900 42500 46900
39800 40200 46500 46100 48200 50100
38200 39100 43100 43900 44200 45900
26900 25300 27900 30100 33900 36300
35100 36200 39200 40500 47800 49900
Row 1 - Game 1 Attendees
Row 2 -Game 2 Attendees
Row 3 - Game 3 Attendees
Row 4 - Game 4 Attendees
Row 5 - Game 5 Attendees
Business
1 answer:
Evgesh-ka [11]2 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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Thanks to technology, training can be given through online platforms that connect individuals even if they are in different parts of the world. Just like in Linday's case. For her training to be successful, <em>Lance and Ayden must interact with Lindsay so she must make sure both of them are connected properly to her desktop.  </em>

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