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 60
Two weeks ago 61
One week ago 65
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. 66 returns
b. 67 returns
c. 68 returns
d. 69 returns
e. 65 returns