FORECASTING Case Study 3 As noted in the class, this case is an extension of the Forecasting Exercise that was done in class (below). Consider monthly demand for the MiKA Corporation as shown in the Table below. Forecast the monthly demand for year 4 using an adaptive method of your choice, and evaluate the latter using MAD and MSE.

Sales	Year 1	Year 2	Year 3
Jan	204	234	230
Feb	213	231	231
Mar	203	227	229
Apr	209	233	234
May	226	238	245
Jun	212	227	234
Jul	218	245	254
Aug	232	226	237
Sep	239	222	245
Oct	212	232	249
Nov	237	226	246
Dec	217	232	260

In particular, Forecast the monthly demand for year 4 using an adaptive method of your choice, evaluate the latter using MAD and MSE, and compare it to Holts model that was done in class.

Below you will find more details about the deliverables. Case Report Perform an analysis on the three-year demand. Prepare a report that summarizes your findings, forecasts, and recommendations. Include the following:

1 A graph of the time series. 2 Choose another appropriate method for forecasting, and report the MAD and MSE. 3 Forecast the demand in year 4 following the better method (Holt or the new method). 4 Recommendations regarding the future and sustainability of MiKa Corporation. P.S. Both Excel File and Word report should be submitted.