Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Month Region 1 Jan-18 13091 Feb-18 17679 Mar-18 22759 Apr-18 27966 May-18 27895 Jun-18 30566 Jul-18 29444 Aug-18 28364 Sep-18 28393 Oct-18 24444 Nov-18 18000

Month Region 1
Jan-18 13091
Feb-18 17679
Mar-18 22759
Apr-18 27966
May-18 27895
Jun-18 30566
Jul-18 29444
Aug-18 28364
Sep-18 28393
Oct-18 24444
Nov-18 18000
Dec-18 12453
Jan-19 12778
Feb-19 18214
Mar-19 23889
Apr-19 29455
May-19 29464
Jun-19 27414
Jul-19 27368
Aug-19 27321
Sep-19 29444
Oct-19 23774
Nov-19 17308
Dec-19 12941
Jan-20 10962
Feb-20 15273
Mar-20 20556
Apr-20 26786
May-20 24828
Jun-20 24737
Jul-20 24828
Aug-20 25179
Sep-20 24545
Oct-20 19286
Nov-20 15273
Dec-20 9107
Jan-21 8571
Feb-21 13158
Mar-21 19655
Apr-21 25179
May-21 23103
Jun-21 24286
Jul-21 24737
Aug-21 26607
Sep-21 22982
Oct-21 16897
Nov-21 13750
Dec-21 7818
Jan-22 7547
Feb-22 13889
Mar-22 18302
Apr-22 25192
May-22 24706
Jun-22 25306
Jul-22 27083
Aug-22 26042
Sep-22 26304
Oct-22 22558
Nov-22 14773
Dec-22 6977
1. Plot the time series (Sheet: Data) of your related region (Table 2).
2. Identify the adapted method for your region.
3. Make a forecasting for the region based on the adapted model
4. What are the best parameters of your proposed model ?
5. What are the parameters for the worst model ?
6. What will be the forcasted value of january 2022 ?
7. Propose a method for taking into accound the random component.
8. Based on your new model, plot your forcasted time series
9. What will be the new forcasted value of january 2022 ?
10. Comment your results

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Early Entrepreneurship Everything You Need To Start Early

Authors: Dhruvv Lohia

1st Edition

979-8889759683

More Books

Students also viewed these General Management questions