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Consider COGS.xlsx. Apply the following forecasting methods to forecast two years: Implement each model in a separate spreadsheet. Plot the data. How would you describe
Consider COGS.xlsx. Apply the following forecasting methods to forecast two years: Implement each model in a separate spreadsheet.
- Plot the data. How would you describe the data in terms of seasonality and trend?
- Moving average using k =12.
- Weighted moving average using k =12 (find wi using solver)
- Exponential Smoothing (find using solver)
- Stationary Additive seasonal effect (find and using solver)
- Stationary Multiplicative seasonal effect (find and using solver)
- Double moving average (k=12)
- Holt's method
- Holt-Winter's method for additive seanonal
- Holt-Winter's method for multiplicative seanonal
- Seasonal Regression
- Which model is the best for this dataset? Compare each method based on MSE.
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