Question: Create a training set for Australian takeaway food turnover ( aus _ retail ) by withholding the last four years as a test set. Fit
Create a training set for Australian takeaway food turnover ausretail by withholding the last four years as a test set.
Fit all the appropriate benchmark methods to the training set and forecast the periods covered by the test set.
Compute the accuracy of your forecasts. Which method does best?
Do the residuals from the best method resemble white noise?
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