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Business at Terry's Tie Shop can be viewed as falling into three distinct seasons: (1) Christmas (November-December); (2) Father's Day (late May-mid-June); and (3) all
Business at Terry's Tie Shop can be viewed as falling into three distinct seasons: (1) Christmas (November-December); (2) Father's Day (late May-mid-June); and (3) all other times. Average weekly sales (in $'s) during each of these three seasons during the past four years has been as follows: Season Year 1 Year 2 Year 3 Year 4 1846 1972 2241 2280 2 2094 2151 2306 2408 3 979 2481 1105 1120 Assuming that the sales is not experiencing any leaner increasing or decreasing trends. 1. Determine a forecast for the average weekly sales in year 5 for season1. (Round to two decimal places) Note: Please type a number and only a number in the text box. Answer: Question 3.2: Determine a forecast for the average weekly sales in years 5 for season2. (2 Marks) (Round to two decimal places) Note: Please type a number and only a number in text boxes. Answer: Question 3.3: Determine a forecast for the average weekly sales in years 5 for season3. (2 Marks) (Round to two decimal places) Note: Please type a number and only a number in text boxes
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