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Total points 125. Submit through D2L in Word/Excel format, single or multiple files. Must show all Excel work, answer all parts of the question, and

Total points 125. Submit through D2L in Word/Excel format, single or multiple files. Must show all Excel work, answer all parts of the question, and write necessary explanations to earn full points. You have to use Excel to solve this numerical problem (project).

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 S,I 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 de-seasonalized levels for the series. Plot De-seasonalized Y and comment. Then estimate the trend values for the four sample years and the 12 months of the year 2019 (beyond the sample years) using linear regression. Finally, make the forecast for the 12 months of 2015 using the Ratio-to-Moving Average method to capture the Trend and Seasonal patterns, using Excel. Plot the forecasted values for the 60 periods including 12 months of the year 2019. Plot the errors for in-sample periods and calculate RMSE. Comment on the error plot with respect to the existence of pattern or lack of visible pattern.

Month/Year

2015

2016

2017

2018

Jan

800

860

1110

1290

Feb

810

870

1120

1330

Mar

840

900

1160

1360

Apr

900

1050

1230

1470

May

1000

1170

1340

1620

Jun

1100

1300

1450

1780

Jul

1160

1380

1530

1870

Aug

1100

1310

1450

1770

Sep

1050

1250

1390

1720

Oct

1010

1200

1350

1635

Nov

850

1050

1220

1400

Dec

830

1020

1170

1370

(Hint: First, you have to type the data in column form in Excel)

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