Question: Can you look over this please. This is what it said but I don't understand. Plot the data and determine what type of forecasting model
Can you look over this please. This is what it said but I don't understand.
Plot the data and determine what type of forecasting model is most appropriate. We Strongly suggest that Analytic Solver Be used, especially for Holt-Winters models. This Provides the ability to find the best model parameters. So, I am suppose to try a few different forecasting model .... like moving average or something from analysis tool? I didn't choose the Holt-winter data one because it was a lot of work. There were 5 data and I choose Unit production costs data below.
I am include the data I choose for this project.
I am guessing that we should try a few forecasting model and then choose which one give the best info.
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