Question: ( Please indicate the specific week numbers from the Spring 2 0 2 4 semester slides where those topics were covered. ) Assume you are
Please indicate the specific week numbers from the Spring semester slides where those topics were covered. Assume you are an analyst, and a manager has presented you with the following problem. How can you define the problem?
Manager statement:
"Our boutique, located in Melbourne, seeks to boost retail sales through strategic data analysis. Due to the lack of comprehensive historical sales data, we leveraged consumer spending patterns from North American retail studies and finalized all necessary groundwork, aiming for increased profits. Our projections, based on this analysis and sales forecasts, indicated a highdemand period in December. However, actual sales fell short of expectations due to unforeseen market shifts. We are now contemplating discounting our merchandise to draw in more shoppers. Your assignment is to assess this situation and devise a discount strategy to address this shortfall and capitalize on the high consumer spending trends observed in the North American retail data.
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