(a) Explain with an example and with a graph how you can use the Head-and-Shoulder approach in forecasting.

(b) Suppose you are the financial manager of XYZ bank. XYZ is a U.S.-based bank. The AVP of the company Mr. Jeff Ronald is considering a project to expand business in Canada. The bank is planning to target a huge client base to offer all sorts of loans that any multi-national ban can offer to potential clients in Canada. With that target, XYZ bank wants to first conduct a client survey for a better understanding of the clients need for a loan. XYZ is also considering the current Covid restrictions and giving it a thought whether it would be wise to physically set up branches in Canada at this point.

You being the financial manager of XYZ bank, suggest to Mr. Ronald what types of banks options are possible for XYZ in Canada?