Number of Single-Family Homes sold in hundreds) in Maryland for last seven months are tabulated as follows: Month Number of Houses 95 110 115 |May June July August Septmbr Octobr 120 130 145 Novmbr 160 1. 2. 3. 4. 5. Determine the forecasting model with Gregort-Newton FORWARD-DIFFERENCE Interpolation. Forecast the number of Single Family Homes will be sold in the Month of December. Determine the forecasting model with Gregort-Newton BACKWARD-DIFFERENCE Interpolation. Forecast the number of Single Family Homes will be sold in the Month of December. Submit your work in a report form, containing at minimum: a. Equation(s) of the two models. b. Forecast the number of Single Family Homes to be sold in December by both forecasting models. Determine the difference between two forecasted values and the significance of the difference. d. Comments and logical explanations on the importance of these two models on foresasting. C. Detailed calculations (optional) should be in the appendix of the report. Number of Single-Family Homes sold in hundreds) in Maryland for last seven months are tabulated as follows: Month Number of Houses 95 110 115 |May June July August Septmbr Octobr 120 130 145 Novmbr 160 1. 2. 3. 4. 5. Determine the forecasting model with Gregort-Newton FORWARD-DIFFERENCE Interpolation. Forecast the number of Single Family Homes will be sold in the Month of December. Determine the forecasting model with Gregort-Newton BACKWARD-DIFFERENCE Interpolation. Forecast the number of Single Family Homes will be sold in the Month of December. Submit your work in a report form, containing at minimum: a. Equation(s) of the two models. b. Forecast the number of Single Family Homes to be sold in December by both forecasting models. Determine the difference between two forecasted values and the significance of the difference. d. Comments and logical explanations on the importance of these two models on foresasting. C. Detailed calculations (optional) should be in the appendix of the report