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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
production in each case.
a Twoyear moving average. points
b Fouryear moving average. points
c Exponential smoothing with smoothing constant point
d Exponential smoothing with smoothing constant point
e Linear trend projection linear regression 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 points
g Alternatively, compute the MAD for e
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