Question
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
1835
1991
2241
2280
2
2009
2167
2306
2408
3
907
2177
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)
: Determine a forecast for the average weekly sales in years 5 for season2. (2 Marks)
(Round to two decimal pl
Determine a forecast for the average weekly sales in years 5 for season3. (2 Marks) (Round to two decimal places)
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