Course Solutions Uncategorized (Answered) : The manager of a department store wants to forecast merchandise returns for THIS WEEK based on the following historical data: WE

(Answered) : The manager of a department store wants to forecast merchandise returns for THIS WEEK based on the following historical data: WE

The manager of a department store wants to forecast merchandise returns for THIS WEEK based on the following historical data: WEEK ACTUAL NUMBER OF RETURNS Three weeks ago 40 Two weeks ago 43 One week ago 48 THIS WEEK NOT KNOWN Use TREND PROJECTIONS method to forecast merchandise returns for THIS WEEK. (Hint: ‘Three weeks ago’ will have a value of ‘1’ in the equation of the trend line, and by the same logic ‘One week ago’ will have a value of ‘3’ in the equation of the trend line.)

Select one:

a. 49.667 returns

b. 51.667 returns

c. 48.667 returns

d. 47.667 returns

e. 50.667

OR

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