University Management Accounting Assignment: Analysis and Forecasting

This document presents a comprehensive solution to a management accounting assignment, addressing key concepts in quantitative methods. Part 1 focuses on time series analysis, utilizing both additive and multiplicative models to forecast seat occupancy, with a detailed comparison of their mean absolute errors. The analysis includes the creation of relevant figures and tables to support the findings. Part 2 delves into decision-making under uncertainty, calculating expected profit, variance, and the coefficient of variation for two product scenarios (Pippo and Paperino). A comparison is made to determine the optimal choice based on risk tolerance. Finally, the assignment explores statistical independence through a Venn diagram and probability calculations related to work-related injuries, illustrating the concepts with clear diagrams and calculations.