Case study: Attendance at SWU Football Games
Answer 1)
To start with, the 1st model used is regression line method. According to this method, the technique fits a trend line to a series of historical data point and the projects the line into the future for medium to long range forecasts
Trend projection 2011:
Years Time period Demand/yr T2 Y*t Forecasting Error
2005 1 174200 1 174200 169828.6 4371.425
2006 2 176900 4 353800 181357.1 4457.145
2007 3 192600 9 577800 192885.7 285.715
2008 4 202500 16 810000 204414.3 1914.285
2009 5 216600 25 1083000 215942.9 657.145
2010 6 229100 36 1374600 227471.4 1628.575
2011? (7) 239000
Total 21 1191900 91 4373400 ∑13314.29
Forecasting – Y = 158300.005 + 11528.57t ; Error = Actual – forecast
…show more content…
We will be using the seasonal trend above to forecast the 5 Saturday home game in 2011
Games Attendance Demand per game 2011
1 239000/5 * 0.9963 = 47623
2 239000/5 * 1.1364 = 54321
3 239000/5 * 1.0672 = 51012
4 239000/5 * 0.7567 = 36174
5 239000/5 * 1.0432 = 49869
Projected attendance for 2012:
Games Attendance Average Demand Average/game Seasonal trend 2005 2006 2007 2008 2009 2010 2011
1 34200 36100 35900 41900 42500 46900 47623 40732 40883 0.9963
2 39800 40200 46500 46100 48200 50100 54321 46460 40883 1.1364
3 38200 39100 43100 43900 44200 45900 51012 43630 40883 1.0672
4 26900 25300 27900 30100 33900 36300 36174 30939 40883 0.7567
5 35100 36200 39200 40500 47800 49900 49869 42653 40883
1. Discuss the factors that have resulted in the NFL becoming “America’s Game” and the
S.R is a 69-year old man who presents to the clinic because his “wife complains that his snoring is difficult to live with.”
The NCAA is a money-generating monster that disregards college athletes’ financial well being. How can we stand back and let the NCAA steal money from the hard working athletes that provide it? Take this for example: Philip is a landscaper that works hard day in and day out mowing yards. He is not always perfect, and makes the occasional mistake. Even though he make mistakes, he is good at what he does. Now imagine if Philip earned a very small amount of the total money made. The rest of the money goes straight to his advisor who sits around and does nothing all day. This is what collegiate sports have come to. Collegiate athletes are working hard by earning money for the NCAA. The NCAA is
Finally we got all our number and determine the slope, and the intercept in order to find out the forecast for the next
College football rules many regions of the United States of America, especially in the southern regions. Alumni of the certain colleges and other supporters pack respective stadiums every Saturday and passionately cheer for their teams in an attempt to ensure victory. Undoubtedly, there are few traditions in the United States that compare to College Football. The sport ensures that family members have something to relate to, brings communities much closer, and creates great moments shared around the country. Perhaps most importantly, there is one more thing that college football does quite well. The sport regularly and consistently creates the interest and demand required in order to make a considerable profit. However, the student athletes most responsible for the increased revenue enjoyed by the respective Universities around this country do not receive any of the money, despite the fact that they are the ones most important to the financial inflow. Many people believe that it is unjust to not financially reward the people most responsible for making the team money, and that college football players should be adequately compensated for their performances on the gridiron.
Whether or not the Washington football team should change their name has been debated for quite some time. The name of the team is a racial slur and can refer to the scalping of Native Americans for a bounty. The Washington Football team should not change their name because it should be something the Natives should decide and it takes attention away from other important issues concerning Native Americans. Opinions on the term are split amongst the Native Americans. There a some who like the name, others who do not, and those who do not care. However, it is still their term and they should get the rights to decide what to do with it. Non-Natives should not be making the decision for them and deciding who gets to use it and who doesn’t while
There is a large percentage of people that love college football across the United States, but people do not usually realize how popular this sport is. There are many different ways that college football programs make money. Some examples of this include ticket and merchandise sales, branding and sponsorships, media rights, scheduling, and so on. One of the big political issues of the sport is whether or not these athletes should be paid. College football is a billion-dollar industry, that is also one of the most popular sports in the U.S. There are some political issues in the world of college football.
Intercollegiate sports have been around since the 1850s to promote athletes to play for the love of the game and not for income. Recently, two different decisions have endangered this tradition: the decision by the National Labor Relations Board to recognize the Northwestern University football team as employees of the university and a federal judge’s decision regarding payment to football and men’s basketball players. Both decisions favor the idea of paying NCAA athletes because their games generate massive income; from ticket sales, merchandising, and TV and marketing contracts, that benefit the university, but not the athletes themselves (Majerol). Nonetheless, NCAA athletes should not be paid because of the problems that would arise from
Discuss the four components of corporate social responsibility and how they relate to a charitable campaign such as (Product) RED. How does participation in a cause-marketing event contribute to a company's social responsibility? What role does sustainability play?
I strongly believe that college athletes shouldn’t get paid because a scholarship to a college to play for their team and a free education is enough payment. Student-athletes with full-ride scholarships don’t have to worry about student loans or any other debts they would have to pay back for attending that college.
1.If a cost exists in contract can be used for the changed project, amend contract cost refer to existing cost.
Problem: Southwestern University is experiencing a quickly expanding football program. As a result, attendance for home games is increasing and approaching capacity. It is in the best interest of SWU to forecast attendance to aid them in deciding when the best time to expand the present stadium, which now holds 54,000.
This case problem is related to a property purchase strategy. The president of Oceanview is deciding whether to bid for a property to build and sell condominiums. However, this depends on whether the state can change the zoning of the property to permit construction of condominiums. Here, the decision is whether to bid for the property, and chance events are firstly, whether the bid can be successful, and secondly, whether the state will approve the zoning change. To assess the likelihood that the state will approve the zoning change, the president can hire a market research service. Hence, the president is facing another decision as
Business forecasting is the process of studying historical performance for the purpose of using the information gained to project future business conditions so that decisions can be made today that will assist in the achievement of certain goals. Forecasting involves taking historical date and using it to project future data with a mathematical model. Forecasts are extensively used to support business decisions and direct the work of operations managers. In this paper I will introduce different types of forecasting techniques.
Time series forecasting is a quantitative model. It means that historical results are gathered to produce the results to predict the future. This model is used in that situation where no information is available or provided data is not satisfactory. Time series is a series of experiments which is measured to get successive results such as, x1, x2, x3.......Xt-2, Xt-1 Xt. These experiments may be done every day, every hour or every year. It is important to understand the data pattern to achieve the aim that hoe variables behaved in the past. It has two types of models which are linear and non linear. Moreover, linear methods are easy to construct and understand. This is used when there are a huge number of forecasts to be done. Many researchers have done efforts to