Description of forecast analysis

Assignment Help Basic Statistics

Reference no: EM1398617

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 (ins) 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 1856 1995 2241 2280

2 2012 2168 2306 2408

3 985 1072 1105 1120

Determine a forecast for the average weekly sales in year 5 for each of the three seasons.

Reference no: EM1398617

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