The monthly employment reports issued by the US Department of Labor are eagerly monitored by investors as indicators of the health of the overall economy. The file Job_openings.xlsx (Job_openings.xlsx Download Job_openings.xlsx) contains the monthly figures for total non-farm openings, from January2001-December2015, seasonally adjusted.To provide investing insights, develop a forecasting procedure for this series, using 2001-2012 as the estimation sample and 2013-2015 as the hold-out sample. You should consider all the options described in the chapter: SES, LES. All these options may be explored via the ESM.

At a minimum, produce an SES forecast and at least one of LES forecasts. So you should have a minimum of two models. For each of the forecast models, provide the name of the method, all model parameters, RMSE, and MAPE.

For example: Model: SES Parameter(s):alpha=0.26 RMSE:2478.2 MAPE: 12.6

Month 2001-01-01 Job Openings 2001-02-01 2001-03-01 2001-05-01 2001-06-01 2001-07-01 2001-08-01 2001-09-01 2001-10-01 2001-12-01 -01-01 2002-02-01 2002-04-01 2002-08 -01 2002-09-01 2002 - 12 - 2003-0 203-0 2003 -1 2004 - 0 2004 - 0 08-01 3619 3792 2004 - 12- 01 2005-02-01 -04-01 2005-05-01 2005-06-01 2005-07-01 2005-08-01 2005-09-01 2005-10-01 2005 - 11 - -12-01 2006-01- 01 2006-02-01 2006-03-01 2006-04-01 2006-05-01 2006-06-01 2006-07-01 4560 2006-09-01 2006-10-01 4278 2007-01-01 2007 -02-01 2007- 03-01 2007-04-01 2007-05-01 2007-07-01 2007-08-01 2007-09-01 4555 2007-10-01 4300 2007-11-01 2007-12-01 4123 2008-02-01 2008-03-01 4001 2008-04-01 2008-05-01 2008-06-01 2008-07-01 2008-08-01 2008-09-01 2008-10-01 2008-11-01 2009-01-01 2830 2009-02 - 01 2009-03-01 2009-04-01 2009-05-01 2009 -06 - 01 2009-07-01 2009-08- 01 2196 2009-09-01 2478 2009-12-01 2407 2010-02-01 2578 2010-04-01 2010-05 2010-06-01 2010-07-01 2010-08-01 2920 2010-09-01 2010-10 3033 2010-11 2010-12-01 2857 2011-01-01 2011-02-01 3056 2011-03-01 2011-04-01 3287 2011-05-01 2011-06-01 3224 2011-07 3475 2011-08-01 2011-09-01 2011-10 3421 2011-11 2011-12-01 3369 2012-01-01 2012-02-01 3501 2012-03-01 2012-04-01 2012-05-01 3706 2012-06-01 2012-07-01 2012-08-01 3655 2012-09-01 2012-10 3713 2012-1 2012-12 3576 2013-01-01 2013-02-01 3972 2013-0 2013-04 2013-05 3886 2013 -0 2013 -07 2013-08 3921 2013 -09 2013-10 2013-1 2013 - 12 2014-02 2014- 0