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The following table gives monthly data for four years in million tons of consumption of ice cream in a country. Plot the series and comment
The following table gives monthly data for four years in million tons of consumption of ice cream in a country. Plot the series and comment on the visible seasonality and trend. Estimate the centered moving averages for this monthly series. Plot CMA and comment. Next, estimate the SI component which only includes seasonal and irregular movements of the series. Then find the seasonal indexes for the twelve months removing the irregular component. Find the deseasonalized levels for the series. Plot Deseasonalized Y and comment. Then estimate the trend values for the four sample years and the months of the year using linear regression. Finally, make the forecast for the months of using the RatiotoMoving Average method to capture the Trend and Seasonal patterns, using Excel. Plot the forecasted values for the periods including months of the year Plot the errors for insample periods and calculate RMSE. Comment on the error plot with respect to the existence of pattern or lack of visible pattern.
MonthYear
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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