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Determine a forecast for average weekly sales in year five

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Reference no: EM132968339

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 (in s) 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                     1861            1927               2241               2280
2                      2041             2194              2306               2408
3                      962                2804                1105             1120
?

Assuming that the sales is not experiencing any leaner increasing or decreasing trends.

Problem 1. Determine a forecast for the average weekly sales in year 5 for season1. (Round to two decimal places)

Problem 2. Determine a forecast for the average weekly sales in years 5 for season2.

Problem 3. Determine a forecast for the average weekly sales in years 5 for season3. (Round to two decimal places)

Reference no: EM132968339

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