Business at Terry's Tie Shop can be viewed as falling into three distinct seasons: (1) Christmas...
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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 1 2 3 Year 1 1856 2012 985 Year 2 1995 2168 1072 The forecast for year 5 season 1 is: a. 2397 b. 1664 The forecasting model with trend and seasonality is: F=797+1095.433S1,+ 1189.467S2, +36.467t where S1, and S2, represent data from season 1 and season 2 respectively. Answer the following questions: The forecast for year 5 season 2 is: a. 2497 b. 1664 The forecast for year 5 season 3 is: a. 2397 b. 1664 The forecast for year 6 season 1 is: a. 2397 b. 2664 Year 3 2241 2306 1105 The forecast for year 6 season 3 is: a. 2397 b. 1454 c. 2366 c. 2366 c. 2366 c. 2366 Year 4 2280 2408 1120 c. 2366 d. 2475 d. 2475 d. 1344 d. 2475 d. 2475 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 1 2 3 Year 1 1856 2012 985 Year 2 1995 2168 1072 The forecast for year 5 season 1 is: a. 2397 b. 1664 The forecasting model with trend and seasonality is: F=797+1095.433S1,+ 1189.467S2, +36.467t where S1, and S2, represent data from season 1 and season 2 respectively. Answer the following questions: The forecast for year 5 season 2 is: a. 2497 b. 1664 The forecast for year 5 season 3 is: a. 2397 b. 1664 The forecast for year 6 season 1 is: a. 2397 b. 2664 Year 3 2241 2306 1105 The forecast for year 6 season 3 is: a. 2397 b. 1454 c. 2366 c. 2366 c. 2366 c. 2366 Year 4 2280 2408 1120 c. 2366 d. 2475 d. 2475 d. 1344 d. 2475 d. 2475
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