Gary Fisher owns five successful health clubs. He believes that he canput a health club in a new community that currently has no such facility.His research indicates that communities such as this can support twohealth clubs.a. What type of information should Gary gather when selecting a specific sitefor his health club?b. What type of forecasting model should Gary use to determine the newlocation for a health club?

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter5: Probability: An Introduction To Modeling Uncertainty
Section: Chapter Questions
Problem 7P: The Human Resources Manager for Optilytics LLC is evaluating applications for the position of Senior...
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Gary Fisher owns five successful health clubs. He believes that he can
put a health club in a new community that currently has no such facility.
His research indicates that communities such as this can support two
health clubs.
a. What type of information should Gary gather when selecting a specific site
for his health club?
b. What type of forecasting model should Gary use to determine the new
location for a health club?

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