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Year Regular High End 0 1000 1000 1 631 869 2 468 743 3 382 653 4 326 593 5 289 551 6 262 517
Year | "Regular" | "High End" |
0 | 1000 | 1000 |
1 | 631 | 869 |
2 | 468 | 743 |
3 | 382 | 653 |
4 | 326 | 593 |
5 | 289 | 551 |
6 | 262 | 517 |
7 | 241 | 491 |
8 | 223 | 468 |
9 | 207 | 445 |
10 | 194 | 427 |
11 | 183 | 409 |
12 | 173 | 394 |
Run the Beta Geometric model and produce forecasts for both datasets ("High End" and "Regular"), but only use four periods for model calibration instead of the full seven that we used in class. Then also compare the model you obtain using seven years of data. Briefly
describe your results and any key conclusions that you draw from them. Be sure to compute in- sample and out-of-sample MAPE (Mean Absolute Percentage Error).