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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
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 |
1 | 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.
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