Question: 4 . 1 Collect historical demand data for a product / service and fit the following forecasting models and calculate forecasting errors, ABS, MAD, bias,
Collect historical demand data for a productservice and fit the following forecasting models and calculate forecasting errors, ABS, MAD, bias, and std dev. Points
Moving Average
Exponential Smoothing
Exponential Smoothing with Trend
Exponential Smoothing with Trend and Seasonality
Please submit the Excel spreadsheet, including the data you collected and evidence of the analyses your team has done.
Which forecasting model do you recommend? Explain why. Points
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