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Collect the monthly time series of currency in circulation in Hong Kong from publicly available source and complete the following tasks: ( a ) Decompose

Collect the monthly time series of currency in circulation in Hong Kong from publicly available source and complete the following tasks:
(a) Decompose the time series into trend, seasonality, and residuals. Please present the result as a four-panel chart starting with the observed data followed by the three components.
(b) Forecast currency in circulation 12 months ahead with a (seasonal) nave model, an exponential smoothing model and an ARIMA/SARIMA model. Please prepare a summary to explain how you determine the parameters of your chosen models.
(c) Compare the forecasting performance of the three models based on a forecast performance indicator. Please prepare a summary explaining the results.

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