Question: a ) Use the na ve process for one - step - ahead forecast and calculate RMSE and MAPE. b ) Use ForecastX, choose the
a Use the nave process for onestepahead forecast and calculate RMSE and MAPE.
b Use ForecastX, choose the simple exponential smoothing model to for ecast the next four
quarters.
c Use ForecastX, choose HotWinters to forecast the next four quarters.
d Compare and contrast the forecast accuracy measurements of the two models in parts b
and c in one table. Any comment?
e Plot your final selected forecasts along with the actual values found in both parts. In one
graph.
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