Solved

Business at Terry's Tie Shop Can Be Viewed as Falling

Question 45

Essay

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 11856199522412280220122168230624083985107211051120\begin{array} { c c c c c } \text { Season } & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } \\\hline 1 & 1856 & 1995 & 2241 & 2280 \\2 & 2012 & 2168 & 2306 & 2408 \\3 & 985 & 1072 & 1105 & 1120\end{array} Determine a forecast for the average weekly sales in years 5 and 6 for each of the three seasons.

Correct Answer:

verifed

Verified

Ft = 797 + 1095.433S1t + 1189.46...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents