The Nielsen ratings (percentage of U.S. households that tuned in) for the Masters GolfTournament from 1997 through 2008 follow (Golf Magazine, January 2009).Year Rating XXXXXXXXXX XXXXXXXXXX...

The Nielsen ratings (percentage of U.S. households that tuned in) for the Masters GolfTournament from 1997 through 2008 follow (Golf Magazine, January 2009).Year Rating1997 11.21998 8.61999 7.92000 7.62001 10.72002 8.12003 6.92004 6.72005 8.02006 6.92007 7.62008 7.3The rating of 11.2 in 1997 indicates that 11.2% of U.S. households tuned in to watch TigerWoods win his first major golf tournament and become the first African American to winthe Masters. Tiger Woods also won the Masters in 2001 and 2005.a. Construct a time series plot. What type of pattern exists in the data? Discuss some ofthe factors that may have resulted in the pattern exhibited in the time series plot forthis time series.b. Given the pattern of the time series plot developed in part (a), do you think the forecastingmethods discussed in this section are appropriate to develop forecasts for thistime series? Explain.c. Would you recommend using the Nielsen ratings for only 2002–2008 to forecast therating for 2009, or should the entire time series from 1997–2008 be used? Explain.

May 23, 2022
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