The first 60 rows are “Historical Passenger Headcount” (Column “B”) over a period of time (Column “A”), and the “Forecasted Passenger Headcount” (Column “C”)–future “Potential” travelers. 6) I looked through the chapter 18 in our week 5, and I have not found a paragraph or something about favorable and unfavorable forecast. As per assignment: “what it means in terms of favorable or unfavorable forecast and why or why not…” Can you give us example(s) what favorable and/or unfavorable forecast is? “Favorable” would an increase in potential air travelers per the forecast number going “Up”, and “Unfavorable” would an decrease in potential air travelers per the forecast number going “Down”. I never foretasted anything in business, and it is difficult to implement the homework without some examples. The excel template is just a place to input the numbers, but it would be helpful to have some explanation on what quadrants are, favorable and unfavorable forecasting. Excel Template instructions: Columns “A” & “B”, which will populate Column “C” with a forecasted value, based on the historical (Time-based) entries in “A” & “B”. Column “A” must use time type data entries: Days, Months, Years, Minutes, Seconds, Hours…Etc. Column “B” must use Numerical data entries: Quantities Sold, Admissions, Monetary Amounts, Widgets Produced…Etc. DO NOT make any changes to Cells in Column “C”. I have taken the formula and incorporated it to calculate a future (forecast) for the historical “Time” and Numerical” data entered into Columns “A” & “B”. Forecasting will not show for Column “C”, Cells C3 thru C14, as you will require more data points in Columns “A” & “B” than just the A3 thru A14, and B3 thru B14. However, the Template is set up to provide a forecast out to 8-years (as currently formated for monthly speeding ticket issued by law enforcement). Notice Column “C” Cells C15 thru C38, shows “C15 – C26” as trending to higher numbers (more tickets issued); this could have multiple meanings. “C27 – C38” as trending to lower numbers (less tickets issued); this could have multiple meanings as well. NOTE: “C39 – C98”, the trend is definitely indicating decreasing numbers, but that is because there is no data entered in Column “B” for those corresponding forecasts. Lastly, I am not interested in the Confidence Intervals, as this function is not working in earlier versions of MS Excel. So, use the data you have collected, enter into the appropriate cells in Columns “A” & “B”…DO NOT ENTER DATA INTO COLUMN “C”. The expectation is that you are able to present a compelling narrative from the Quantitative data, into a Qualitative understanding of what the forecast is presenting, and what a company might do to posture the business direction for success or minimizing failures as a result. There should still be ample time to compete this assignment on time using the new revised Template attached. I hope this helps Once again if you do not know how to work excel, PLEASE DO NOT WASTE EITHER OF US. Thank you for reading!! the assignment is do like yesterday!!???? ????
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