(SOLVED) Fast Creek is a city in south central

Saskatchewan located

Fast Creek is a city in south central Saskatchewan located along the Trans Canada Highway.
Fast Creek has a population of just over 27 000 residents and is a regional h
GET THE ANSWER>> https://solutionlly.com/downloads/fast-creek-is-a-city-in-south-central-
saskatchewan-located

Fast Creek is a city in south central Saskatchewan located along the Trans Canada Highway.
Fast Creek has a population of just over 27 000 residents and is a regional hub for the many
smaller towns and hundreds of farms in the surrounding area. Fast Creek is a transportation
and industrial centre, and has several federal and provincial government offices.

Fast Creek is also a sports centre, and its junior hockey team, the Fast Creek Lightning, has a
long history of success in the Central Hockey League, but has not won a major trophy in close
to ten years. Since the legendary Scotty Beauchamp was hired as head coach in 2006 (in the
hopes of winning the elusive league and national championship), total attendance at home
games for each month has increased. Prior to Beauchamp’s arrival, attendance averaged
25000 to 29000 per month (or between 5000 and 5800 tickets for each of the five home games
per month). Season ticket sales bumped up by almost 2000 just with the announcement of the
new coach’s arrival. The Fast Creek Lightning are ready to move to the big time!

The immediate issue facing the Lightning, however, is not the championship. It is capacity. The
existing Fast Creek arena, built in 1953, has seating for 10 800 fans. The following table
indicates total home game attendance each month of the season for the past six years.

One of Beauchamp’s demands on joining the Lightning had been a new arena. With
attendance increasing, Lightning executives and city officials have begun to face the issue head-
on. Beauchamp would like a state-of-the-art training facility solely for his players as an
additional feature of any expansion.

The Lightning’s owner, Keith MacLennan, has decided it is time for his vice president of
development to forecast when the existing arena will “max out.” The expansion is, in his mind,
a given. But MacLennan needs to know how long he could wait. He also seeks a revenue
projection, assuming an average ticket price of $50 in 2012–13 and a 5% increase each season
in future prices.

1. Develop a forecasting model, justifying its selection over other forecasting techniques, and
project attendance through the 2013–2014 season.

2. What revenues are to be expected in the 2012–2013 and 2013–2014 seasons?

1/2
 3. Discuss the team’s options.

GET THE ANSWER>> https://solutionlly.com/downloads/fast-creek-is-a-city-in-south-central-

saskatchewan-located

2/2
Powered by TCPDF (www.tcpdf.org)