1. Answer the following:. • Provide the line chart of Shopee's seasonal and event-based (e.g., Singles' Day, Black Friday, Christmas, and other significant shopping periods) sales from 2021 to 2023.  • Analyze and predict Shopee's seasonal and event-based sales this year, 2024. And explain the predicted 2024 sales. Cite sources.

Q: can you please answers all the blank and please provide me excel formular.

A: To roll up the individual product forecasts and compare them with the family data, we will first…

Q: Develop a forecasting plan

A: The following steps are using for developing a forecasting plan. We have,We are collecting data for…

Q: The table below shows the sales for a plastics manufacturer recorded over the past year. The…

A: Find the given details below:

Q: Explain the steps used to develop a forecasting system.

A: Forecasting refers to the method involved with making forecasts or gauges about future occasions,…

Q: What are ways of managing a poor forecast?

A: A bad forecast presupposes that there has been a mismatch between the demand and supply as a result…

Q: hat is one of the biggest challenges to overcome in new product forecasting? a. Selecting the best…

A: challenges in new product forecasting lack of historical data is one of the biggest challenge as…

Q: If ABC Corporation has following historical data about sales volume:  Years Sales Years Sales…

A: Answer: Please note- We will answer the first question since the exact one was not specified. Please…

Q: Suppose that you are using the four-period weighted moving average forecasting method to forecast…

A: The weighted moving average forecast is a time series forecasting method that uses a linear…

Q: A) What makes a forecast optimal?

A: A) Practically all administrative choices depend on Forecasting. Each choice becomes functional…

Q: A retail manager seeks a better way to forecast the demand for LED light bulbs. She believes the…

A: The correlation coefficient also called Pearson's product-moment correlation coefficient, is a…

Q: Describe the steps used to develop a forecasting sy

A: It is important to develop an effective and robust forecasting system. It is an iterative process…

Q: Forecasts and actual sales of digital music players at Just Say Music are as follows:   Month…

A: The forecast and actual sales for 8 months is given below:

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.