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Compute the mean seasonal factors

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Reference no: EM132742008

Quarterly data on the number of tourists visiting a ski resort exhibits a pattern of seasonality with trend, as shown below:

Qtr1 Qtr2 Qtr3 Qtr4

Year1 3360 1520 760 2360

Year2 3520 1760 792 2728

Using the decomposition principle, compute the mean seasonal factors. Then forecast the number of tourists in year 3.

Reference no: EM132742008

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