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

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