Description of forecast analysis

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

Questions Cloud

Index level and use of indices : Converting data to indexes makes it easier to compare the trend in a series composed of exceptionally large numbers.

Genetic condition in a mammalian species : Assume that a particular genetic condition in a mammalian species causes an inability to digest lactose. This disorder occurs with equal frequency in males and females.

Write significant of purpose-audience-tone-academic writing : Write 150 to 200 word paragraphs to describe the significant of purpose, audience, tone, and content in academic writing. Explain your topic sentence.

Problem related to thrust : A rocket fires two engines simultaneously. One produces a thrust of 800N directly forward while the other gives a thrust of 508N at an angle 38.2^circ above the forward direction.

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

Produce a design document : You will design and deliver a website foes fictional client part-1 Website Design Document and produce a design document

Explain the basic process of the digestive system : When you added primary antibody to the wells, what happened if your sample contained the antigen? What are the five basic processes of the digestive system?

Question of exponential smoothing : A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January.

What can be concluded about the effect of carbon chain : What can be concluded about the effect of carbon chain length on red blood cell membrane permeability?

User Account

All Pages