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QUESTION 5 a) Determine the appropriate component of time series for the situation below: The courier services industry continues to grow year after year due
QUESTION 5 a) Determine the appropriate component of time series for the situation below: The courier services industry continues to grow year after year due to the emergency of new technology. ii) The increase in sales of face- masks due to pandemic Coronavirus (COVID-19). iii) The higher occupancy rate at Merrinton Hotel during weekends compared to the rate during weekdays. iv Affordable smartphone sales shoot up as demand grows due to e-learning needs. v) The income of self-employed falls dramatically due to recession. (5 marks)b) The table below shows the order (RM'000) received by a pharmaceutical company in the first 16 weeks of 2020. Week Month Jan Feb March April 250 250 267 300 2 218 230 250 298 3 210 225 245 306 4 255 300 325 350 (All the answers MUST correct to TWO decimal places) i) Compute the trend values using the moving average method. (5 marks) ii) Determine the seasonal indices for each week. (6 marks) iii) Explain the meaning of the seasonal index for the 2nd week. (1 mark) iv) Forecast the order (RM'000) for the third week of June 2020
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