Question: A . Plot the demand for years 1 to 4 for both products ( Clear Plastic and Black Plastic ) . What forecasting approaches do

A. Plot the demand for years 1 to 4 for both products (Clear Plastic and Black Plastic). What forecasting approaches do you recommend for predicting the demand for each product? Why? (10%)
B. Use Holt's model to forecast the quarterly demand for Clear Plastic for years 5 and 6. What is the Mean Squared Error (MSE) for quarter 16? Calculate the values of the Tracking Signal (TS) for all quarters of years 1 to 4 and plot them. Is the forecast biased assuming the thresholds of \pm 4? Why? (30%)
C. Apply Winter's model to forecast the quarterly demand of Black Plastic for years 5 and 6 assuming alpha=0.1, beta=0.1, and gamma=0.1.(30%)
D. Optimize the values of the smoothing constants for the Black Plastic forecast based on the Mean Absolute Percentage Deviation (MAPD) value for quarter 16. When the smoothing factors in Winters model are set to zero, the forecast will be the same as the result of which other forecasting model? (30%)

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