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Date Sales (000,000) Sep-12 206 Oct-12 245 Nov-12 185 Dec-12 169 Jan-13 162 Feb-13 177 Mar-13 207 Apr-13 216 May-13 193 Jun-13 230 Jul-13 212
Date | Sales (000,000) |
Sep-12 | 206 |
Oct-12 | 245 |
Nov-12 | 185 |
Dec-12 | 169 |
Jan-13 | 162 |
Feb-13 | 177 |
Mar-13 | 207 |
Apr-13 | 216 |
May-13 | 193 |
Jun-13 | 230 |
Jul-13 | 212 |
Aug-13 | 192 |
Sep-13 | 162 |
Oct-13 | 189 |
Nov-13 | 244 |
Dec-13 | 209 |
Jan-14 | 207 |
Feb-14 | 211 |
Mar-14 | 210 |
Apr-14 | 173 |
May-14 | 194 |
Jun-14 | 234 |
Jul-14 | 156 |
Aug-14 | 206 |
Sep-14 | 188 |
Oct-14 | 162 |
Nov-14 | 172 |
Dec-14 | 210 |
Jan-15 | 205 |
Feb-15 | 244 |
Mar-15 | 218 |
Apr-15 | 182 |
May-15 | 206 |
Jun-15 | 211 |
Jul-15 | 273 |
Aug-15 | 248 |
Sep-15 | 262 |
Oct-15 | 258 |
Nov-15 | 233 |
Dec-15 | 255 |
Jan-16 | 303 |
Feb-16 | 282 |
Mar-16 | 291 |
Apr-16 | 280 |
May-16 | 255 |
Jun-16 | 312 |
Jul-16 | 296 |
Aug-16 | 307 |
Sep-16 | 281 |
Oct-16 | 308 |
Nov-16 | 280 |
Dec-16 | 345 |
A. Which model does minimize the RMSE? Carefully explain which characteristics of the original data caused one of these models to minimize the RMSE.
B. Use Holt's method to forecast 12 months of restaurant sales for 2017.
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