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 Seasonallyadjusted data for the Total Type of Building Series ID: AX available in Table : Value of building approved New South Wales: Forecast the outofsample values for every month in the period February January 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 Once you identify and develop an appropriate exponential smoothing model with the starting values for parameters what are the following numerical values: The withinsample forecast for July The outofsample forecast for May The outofsample forecast for January The MAPE. The MAE Critically think for a way to optimise alpha and beta if there is no beta, you can input for
question via the MSE, and report the following values after your optimisation:
Alpha.
Beta.
The MAPE.
The withinsample forecast for July
The outofsample forecast for January
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