You will use the major forecasting techniques learned in this course to build the forecasting models for
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![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6677a0bf9fc1a_9676677a0bf89404.jpg)
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You will use the major forecasting techniques learned in this course to build the forecasting models for your revenue data.
Please answer the questions below based on the picture I attached and the Date/Revenue chart.
Simple exponential smoothing
a.State the reason for your choice of the smoothing model and run the model. Make sure to store the residuals.
d.Show the resulting graph from the smoothing method. State the model you picked and the parameter values such as ?, ?, ?, if any.
c.Examine the residuals using time series plot and ACF graph. Do you observe any significant autocorrelation?
d.Briefly discuss whether you think the model can do a good job forecasting and why.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6677a0c059813_9686677a0c04163d.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6677a0c0b160d_9686677a0c0a3947.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6677a0c111f28_9686677a0c0f2bad.jpg)
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