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Section A: Forecasting for We've got Style (20 Marks) As part of the We've got Style store's retail management team you are tasked with forecasting
Section A: Forecasting for We've got Style (20 Marks) As part of the \"We've got Style" store's retail management team you are tasked with forecasting the sales for the Retail store. The quarterly sales at \"We've got Style" store is provided below. Sales in R (thousands) H H Answer the questions that follow: 1. Plot the time series in a scatter plot (2). Add the trend line and provide the formula for the line on the graph (1). 2. Looking at the graph, classify the series according to the theoretical aspects of the time series. What does this indicate for the boutique's sales in previous quarters? What does this likely indicate for the future ofthe sales in the boutique? (3) 3. Produce (calculate) forecasts until the end of 2022 (3)
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