QUESTION 24 (4 marks) Using data from the graph, estimate the mean seasonal variation (or average seasonal effect) for quarter 4 (Q4) and use it to predict the number of tourists from the EU expected to visit South Africa in quarter 4 of 2024. A. The mean seasonal variation is -25 000; the number of tourists from the EU expected to visit South Africa in quarter 4 of 2024 is 322 825. B. The mean seasonal variation is 25 000; the number of tourists from the EU expected to visit South Africa in quarter 4 of 2024 is 332 825. C. The mean seasonal variation is 25 000; the number of tourists from the EU expected to visit South Africa in quarter 4 of 2024 is 312 825. D. The mean seasonal variation is -25 000; the number of tourists from the EU expected to visit South Africa in quarter 4 of 2024 is 372 825.
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Looking at the graph, we can see that the highest point in quarter 4 is around 350,000 and the lowest point is around 100,000. The difference between these two points is 350,000 - 100,000 = 250,000. Since the mean seasonal variation is the average difference Show more…
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