Question: 1 . Forecasting Prices ( Team Member 1 ) Use historical price data to generate forecasted prices for: Average sunflower seed price. Sunflower oil price.
Forecasting Prices Team Member
Use historical price data to generate forecasted prices for:
Average sunflower seed price. Sunflower oil price. Sunflower mash price.
Choose between a threeperiod moving average model or an exponential smoothing model
Evaluate forecasting models using standard error measures eg MSE, RMSE
Justify the chosen model and ensure consistent application across all three forecasts.
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