Question: Based on the time series plot in the attachment, answer the following questions. In these questions, it's sufficient to provide explanations and, if possible, write

Based on the time series plot in the attachment,

Based on the time series plot in the attachment, answer the following questions. In these questions, it's sufficient to provide explanations and, if possible, write down the related equation with the required parameter(s). Don't attempt to calculate something. a. Explain which data patterns exist in this series. b. Write a Naive equation appropriate for this time series. Explain each term in the equation C. What kind of exponential smoothing model would be more appropriate for developing a forecast model for this time series? Explain why. Time Series Plot of Monthly Occupancy for Motel Nin 1100 1000 900 800 700 Monthly Occupancy for Motel Nin 600 500 400 300 200 01/121999 01/12/2001 01/01/997 01/27997 01/27998 0112/2000 Op 0142/2002 0142/2003 0172/2004 0172/2005 01/2/2006

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