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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

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.

First run a moving average model using the revenue data.

a.State the moving average period you picked and briefly discuss whether you think the model can do a good job forecasting and why.

image text in transcribed
Moving Average Plot for Revenue 35000 Variable Actual Fits 30000 Forecasts 95.0% PI 25000 Moving Average Length 4 20000 Accuracy Measures Revenue MAPE 6 MAD 955 15000 MSD 2360987 10000 5000 O 1 11 22 33 44 55 66 77 88 99 110 Index

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