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Other Papers on :Statistics

C/ST/11. Few years forecast for the number of dealers and consumers in the town market

(2005, 1200 words)

The data on the attendance to the flea-market is studied. The initial set includes the monthly averaged number of dealers inside, dealers outside, and consumers during two years. The linear trend is fitted to the data and then the multiplicative and additive models are built to forecast the evolution of these numbers for the next three years. The time when the number of dealers and visitors reach the particular levels is predicted. Reliability of the forecast is assessed which in our particular case is low due to the insufficient data.
 
   
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