Question: a ) Fill the tables above. b ) Which method of forecasting is being used under Method 1 ? How are you able to say?
a Fill the tables above.
b Which method of forecasting is being used under Method How are you able to say?
c Why are the forecasted values missing for Months and under Method
d If under Forecasting Method forecast for month onwards are calculated using the logic ;; and so on for all subsequent time periods, Which forecasting method is being used and what is the parameter value?
e What is the forecast for Month under both the Methods and
f Calculate all three types of Forecasting Accuracy Measures for both the methods,
g Which forecasting model among the two above would you recommend? And why?
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