Challenge 4 Applying Quantitative Forecasting Models to a Real World Business Scenario 4 1 Collect historical demand data for a product service and fit the following forecasting models and calculate forecasting errors, ABS, MAD, bias, and std dev Moving Average Exponential Smoothing Exponential Smoothing with Trend Exponential Smoothing with Trend and Seasonality Please submit the Excel spreadsheet, including the data you collected and evidence of the analyses your team has done 4 2 Which forecasting model do you recommend Explain why

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Question: Challenge 4: Applying Quantitative Forecasting Models to a Real-World Business Scenario 4.1 Collect historical demand data for a product/service and fit the following forecasting models

Challenge 4: Applying Quantitative Forecasting Models to a Real-World Business Scenario

4.1 Collect historical demand data for a product/service and fit the following forecasting models and calculate forecasting errors, ABS, MAD, bias, and std. dev.

Moving Average
Exponential Smoothing
Exponential Smoothing with Trend

Exponential Smoothing with Trend and Seasonality Please submit the Excel spreadsheet, including the data you collected and evidence of the analyses your team has done. 4.2 Which forecasting model do you recommend? Explain why.

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