1. Answer the following:. Provide Shopee's seasonal and event-based forecasting. (please use a suitable graphical representation for data visualization.) Use this in forecasting Shopee's sales: • Analyze historical performance during key events (e.g., holidays). • Collect detailed sales data for these events to understand past performance. • Use statistical methods like time series analysis (ARIMA, exponential smoothing) to forecast future sales trends. • Adjust forecasts for seasonal variations and anticipated impacts of upcoming events. Example: Forecast sales based on observed growth rates during previous events (e.g., predicting a sales increase for 2024 Christmas based on past holidays season performance).
1. Answer the following:. Provide Shopee's seasonal and event-based forecasting. (please use a suitable graphical representation for data visualization.) Use this in forecasting Shopee's sales: • Analyze historical performance during key events (e.g., holidays). • Collect detailed sales data for these events to understand past performance. • Use statistical methods like time series analysis (ARIMA, exponential smoothing) to forecast future sales trends. • Adjust forecasts for seasonal variations and anticipated impacts of upcoming events. Example: Forecast sales based on observed growth rates during previous events (e.g., predicting a sales increase for 2024 Christmas based on past holidays season performance).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
1. Answer the following:.
Provide Shopee's seasonal and event-based
(please use a suitable graphical representation for data visualization.)
Use this in forecasting Shopee's sales:
• Analyze historical performance during key events (e.g., holidays).
• Collect detailed sales data for these events to understand past performance.
• Use statistical methods like time series analysis (ARIMA, exponential smoothing) to forecast future sales trends.
• Adjust forecasts for seasonal variations and anticipated impacts of upcoming events.
Example: Forecast sales based on observed growth rates during previous events (e.g., predicting a sales increase for 2024 Christmas based on past holidays season performance).
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