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Instruction: Based on the data provided, answer the five items (in order) on the appropriate spaces. All answers should be numeric (numbers only, without letters,
Instruction: Based on the data provided, answer the five items (in order) on the appropriate spaces. All answers should be numeric (numbers only, without letters, commas and spaces). Round-off final answers to 1 decimal place (e.g. if your answer is 25.324, express it as 25.3). 1. Using the income/sales approach, estimate the 2019 demand for men's tops in Australia (in mn units). 2. If the population of Sydney is 3.07 million and the population of Australia is 24.13 million, estimate the 2019 demand for men's tops in Sydney (in mn units). 3. Using the arithmetic straight line (ASL) method and the historical data from 2014- 2019, estimate the 2020 demand for men's tops in Australia (in mn units). 4. If the average annual growth rate from 2014-2019 is 0.01068, estimate the 2020 demand for men's tops in Australia (in mn units). 5. Using the 3-year moving average, estimate the 2020 demand for men's tops in Australia (in mn units). 2015 2016 2017 2018 2019 2.7 2.7 2.7 2.8 2.8 115.6 117.2 118.8 120.8 123.1 11.9 12.1 12.3 12.6 12.8 5.4 5.3 5.6 5.7 5.8 5.0 5.1 5.2 5.4 5.4 1.2 13 1.3 1.3 1.3 0.2 0.3 0.3 0.3 0.3 Sales of Menswear in Australia: Volume 2014-2019 mn units 2014 Men's Nightwear 2.7 Men's Outerwear 114.1 Men's Jeans 11.7 - Economy Men's Jeans 5.4 - Standard Men's Jeans 4.9 Premium Men's Jeans 1.2 - Super Premium Men's Jeans 0.2 Men's Outerwear (Exel Jeans) 102.5 - Men's Jackets and Coats 7.6 - Men's Jumpers 7.8 - Men's Shirts 20.2 - Men's Shorts and Trousers 31.4 - Men's Suits 1.3 - Men's Tops 33.0 - Other Men's Outerwear 1.2 Men's Swimwear 6.1 Men's Underwear 44.8 103.7 105.1 106.5 108.3 110.3 7.6 7.7 7.7 7.8 7.9 7.8 7.9 8.0 8.0 8.1 20.6 21.0 21.4 21.9 22.5 31.8 32.3 32.9 33.7 34.5 1.3 1.3 1.3 1.4 1.4 33.4 33.7 34.0 343 34.8 1.2 1.2 1.2 1.2 1.2 6.2 6.2 6.3 6.4 6.3 46.5 45.3 45.8 47.4 48.4 Menswear 167.7 169.7 171.9 174.3 177.3 180.7
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