Question: 2 . ( 1 2 pts . ) Implement the TES method to calculate the one - day - ahead forecasts for 8 - April
pts Implement the TES method to calculate the onedayahead forecasts for April to Aug Assume a weekly seasonal pattern, which means p Use solver to determine the values of LS TS and SS that minimize the withinsample RMSE calculated based on the interval April to Aug subject to the constraint that LS TS and SS are between and Report the following: pts feasibility, pt consistency, pts optimality Optimal values for LS TS SS and the RMSE for April to Aug pts Values of the level, trend, seasonality indices, onedayahead forecasts for Aug to Aug Hint: You may find the Weekday function useful for the TES forecast calculations. You can use the following information to confirm that you have set up your TES model correctly: If you set LS TS SS the value for level, trend, seasonality index and TES forecast for Aug should be and respectively. And the withinsample RMSE should be Part : Outofsample comparison Second, we will perform an outofsample comparison of DES and TES, based on the forecasts for Aug to pug This is our holdout data so we are going to treat it as the future. This means the learning phase ends on Aug and the prediction phase starts on Aug pts Implement the DES method to obtain the kdayahead forecasts for Aug to Aug Use the same values of LS and TS that you found in Question The difference is that now you must stop updating the level and trend after Aug Report the following: pts DES Forecasts for Aug to Aug pt The RMSE of DES method for Aug to Aug pts Implement the TES method to obtain the kdayahead forecasts for Aug to Aug As before, assume a weekly seasonal pattern, with p and use the same values of LS TS and SS that you found in Question The difference is that now you must stop updating the level, trend, and seasonal indices after Aug Report the following: pts TES Forecasts for Aug to Aug pt The RMSE of TES method for Aug to Augfor practice, will not be marked Which method do you choose?
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