Question: Acme Inc. is looking to predict their spending plan as best as they can and to make significant improvements to estimate future demand in the

Acme Inc. is looking to predict their spending plan as best as they can and to make significant improvements to estimate future demand in the presence of uncertainty . You are the Private Fleet Manager and you want to make sure you can accurately budget for diesel fuel by using a suitable forecasting technique . You have been given basic raw data to forecast and make recommendations.
Perform a forecasting analysis to predict the 12 week future forecast for diesel fuel. Use :
a.5-p moving average.
b. Exponential smoothing. Choose the best alpha value that you would recommend and make sure to explain your approach.
c. Is the linear regression between WTI and Diesel cost a good model for this exercise? What are your recommendations?
d. Research another factor ( besides WTI and Diesel cost), try to find the data for this variable and then perform a multiple linear regression to see if you can get a good model.
Date WTI Diesel $/gal
Jan 02,2017
Jan 09,201751.962.597
Jan 16,2017 N/A 2.585
Jan 23,201752.752.569
Jan 30,201752.632.562
Feb 06,201753.012.558
Feb 13,201752.92.565
Feb 20,2017 N/A 2.572
Feb 27,201754.052.577
Mar 06,201753.22.579
Mar 13,201748.42.564
Mar 20,201748.222.539
Mar 27,201747.732.532
Apr 03,201750.242.556
Apr 10,201753.082.582
Apr 17,201752.652.597
Apr 24,201749.232.595
May 01,201748.842.583
May 08,201746.432.565
May 15,201748.852.544
May 22,201750.732.539
May 29,2017 N/A 2.571
Jun 05,201747.42.564
Jun 12,201746.082.524
Jun 19,201744.22.489
Jun 26,201743.382.465
Jul 03,201747.042.472
Jul 10,201744.42.481
Jul 17,201746.022.491
Jul 24,201746.342.507
Jul 31,201750.172.531
Aug 07,201749.392.581
Aug 14,201747.592.598
Aug 21,201747.372.596
Aug 28,201746.572.605
Sep 04,2017 N/A 2.758
Sep 11,201748.062.802
Sep 18,201749.882.791
Sep 25,201751.852.788
Oct 02,201750.592.792
Oct 09,201749.582.776
Oct 16,201751.862.787
Oct 23,201751.912.797
Oct 30,201754.112.819
Nov 06,201757.342.882
Nov 13,201756.772.915
Nov 20,201756.212.912
Nov 27,201758.12.926
Dec 04,201757.482.922
Dec 11,201757.842.91
Dec 18,201757.172.901
Dec 25,2017 N/A 2.903
Jan 01,2018 N/A 2.973
Jan 08,201861.732.996
Jan 15,2018 N/A 3.028
Jan 22,201863.663.025
Jan 29,201865.713.07
Feb 05,201864.183.086
Feb 12,201859.413.063
Feb 19,2018 N/A 3.027
Feb 26,201863.813.007
Mar 05,201862.492.992
Mar 12,201861.352.976
Mar 19,201862.012.972
Mar 26,201865.493.01
Apr 02,201863.053.042
Apr 09,201863.43.043
Apr 16,201866.233.104
Apr 23,201867.613.133
Apr 30,201868.563.157
May 07,201870.743.171
May 14,201871.013.239
May 21,201872.263.277
May 28,2018 N/A 3.288
Jun 04,201864.763.285
Jun 11,201866.13.266
Jun 18,201865.913.244
Jun 25,201869.91

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