Develop a Holt-Winters model for forecasting temperature using R programming language. Train the model on the 1999-2000
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Develop a Holt-Winters model for forecasting temperature using R programming language. Train the model on the 1999-2000 data. Let R optimize the smoothing parameters and initial values. Use this model to generate monthly forecasts for 2001. Generate 95% prediction intervals for the 2001 forecasts. Plot the actual values (1999-2000) and the 2001 forecasts on a graph. Calculate and report forecast accuracy measures for the training data and the testing data.
Related Book For
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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