Question: For the Seasonally - adjusted data for the Total Type of Building ( Series ID: A 4 2 2 1 7 3 X ) available

For the Seasonally-adjusted data for the Total Type of Building (Series ID: A422173X) available in Table 30: Value of building approved - New South Wales: Forecast the out-ofsample values for every month in the period February 2023 January 2024(both months inclusive) using only one appropriate exponential smoothing model (either simple exponential smoothing or Holt exponential smoothing models that you think is most appropriate given the data). Your starting value for any parameters should be 0.5. Once you identify and develop an appropriate exponential smoothing model with the starting values for parameter(s)=0.5, what are the following numerical values: 1. The within-sample forecast for July 2022.2. The out-of-sample forecast for May 2023.3. The out-of-sample forecast for January 2024.4. The MAPE. 5. The MAE Critically think for a way to optimise alpha and beta (if there is no beta, you can input 0 for
question 7) via the MSE, and report the following values after your optimisation:
6. Alpha.
7. Beta.
8. The MAPE.
9. The within-sample forecast for July 2022.
10. The out-of-sample forecast for January 2024.

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