For the data given above, what is the approximate net revenue of the ticket booking counter?
A) about 2,800
B) about 3,900
C) about 4,800
D) about 5,900
Question 2
Time-series models ________.
A) assume that whatever forces have influenced sales in the recent past will continue into the near future
B) assume that forecasts are seldom developed by extrapolating historical data into the future
C) include independent variables like, demand conditions and the current economy state that help in forecasting
D) are also known as judgmental forecasting models