How Do Advanced Time Series Models Enhance Business Forecasting?

As the Growth Lead for 'EcoWear', you are exploring forecasting methods to analyze various business scenarios. Choose the task that is most suitable for using advanced time series models like ARIMA or SARIMA:

1. Predicting the immediate impact of a seasonal marketing campaign on product sales.

2. Forecasting monthly sales trends for the next year, considering historical data, seasonal variations, and upcoming marketing events.

3. Estimating the sales impact of a one-time price reduction event based on previous similar events.

Choose the closest answer:

Task 1 only

Task 2 only

Task 3 only

All three tasks

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