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Fit a model to ice cream production data using the following techniques and forecast the 2 0 2 0 production in each case. a )

Fit a model to ice cream production data using the following techniques and forecast the
2020 production in each case.
a) Two-year moving average. (3 points)
b) Four-year moving average. (3 points)
c) Exponential smoothing with smoothing constant =0.2.(5 point)
d) Exponential smoothing with smoothing constant =0.4.(5 point)
e) Linear trend projection (linear regression).(10 points)
f) Plot a graph and determine which of the above techniques you would use to
forecast the ice cream production and why. (Hint: The plot overall closest to actual
demand will be most accurate).(4 points)
g) Alternatively, compute the MAD for e

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