Consider monthly demand for the ABC Corporation as shown in Table Forecast the monthly demand for year 5 using Holt's model, and Seasonal model. In each case, evaluate MSE. Which forecasting method do you prefer? Why? Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Year 1 2500 3500 3500 3500 4500 6500 7500 6500 10500 12500 14500 8500 Year 2 3300 4300 3300 5300 5300 8300 3300 8300 12300 12300 16300 10300 Year 3 2700 5700 5700 3700 4700 6700 Year 4 5300 4300 4300 2300 5300 7300 10300 14300 16300 16300 20300 12300 7700 10700 15700 15700 18700 8700 Dec Answer + Holt's Model Seasonal Model Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec MSE Consider monthly demand for the ABC Corporation as shown in Table Forecast the monthly demand for year 5 using Holt's model, and Seasonal model. In each case, evaluate MSE. Which forecasting method do you prefer? Why? Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Year 1 2500 3500 3500 3500 4500 6500 7500 6500 10500 12500 14500 8500 Year 2 3300 4300 3300 5300 5300 8300 3300 8300 12300 12300 16300 10300 Year 3 2700 5700 5700 3700 4700 6700 Year 4 5300 4300 4300 2300 5300 7300 10300 14300 16300 16300 20300 12300 7700 10700 15700 15700 18700 8700 Dec Answer + Holt's Model Seasonal Model Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec MSE