Question: Jul - 2 0 1 5 1 5 8 5 . 7 Aug - 2 0 1 5 1 5 8 6 . 3 Sep

Jul-20151585.7
Aug-20151586.3
Sep-20151541.9
Oct-20151591.9
Nov-20151590.0
Dec-20151592.5
Jan-20161610.3
Feb-20161591.6
Mar-20161584.6
Apr-20161580.8
May-20161567.4
Jun-20161582.1
Jul-20161537.2
Aug-20161541.6
Sep-20161537.8
Oct-20161536.8
Nov-20161524.3
Dec-20161550.1
Jan-20171554.7
Feb-20171542.9
Mar-20171545.1
Apr-20171604.2
May-20171550.6
Jun-20171548.7
Jul-20171541.7
Aug-20171519.8
Sep-20171557.1
Oct-20171566.8
Nov-20171536.8
Dec-20171553.1
Jan-20181544.7
Feb-20181547.5
Mar-20181548.6
Apr-20181542.1
May-20181588.6
Jun-20181577.2
Jul-20181540.7
Aug-20181554.6
Sep-20181560.0
Oct-20181565.6
Nov-20181537.1
Dec-20181567.6
Jan-20191540.1
Feb-20191566.3
Mar-20191535.7
Apr-20191565.8
May-20191575.7
Jun-20191570.0
Jul-20191548.9
Aug-20191575.1
Sep-20191576.2
Oct-20191571.7
Nov-20191580.8
Dec-20191590.7
Jan-20201566.5
Feb-20201587.1
Mar-20201426.1
Apr-20201241.6
May-20201751.8
Jun-20201574.8
Jul-20201630.6
Aug-20201470.1
Sep-20201466.6
Oct-20201590.5
Nov-20201809.0
Dec-20201701.0
Jan-20211678.0
Feb-20211672.8
Mar-20211786.1
Apr-20211713.6
May-20211673.0
Jun-20211566.2
Jul-20211395.6
Aug-20211221.2
Sep-20211234.5
Oct-20211525.4
Nov-20211800.2
Dec-20211582.7
Jan-20221629.3
Feb-20221752.4
Mar-20221801.2
Apr-20221800.1
May-20221843.7
Jun-20221851.2
Jul-20221870.1
Aug-20221893.2
Sep-20221887.9
Oct-20221895.8
Nov-20221908.3
Dec-20221772.8
Jan-20231901.5
Feb-20231882.1
Mar-20231896.2
Apr-20231915.5
May-20231904.8
Jun-20231814.1
Jul-20231874.0
Aug-20231879.9
Sep-20231913.6
Oct-20231895.9
Nov-20231971.5
Dec-20231844.6
Jan-20241878.5
Feb-20241924.4
Mar-20241889.1
Apr-20241888.0
May-20241872.5
Jun-20241890.8
Forecast the out-of-sample values for every month in the period July 2023 June 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.
Before you begin Exercise 1, lets check that you have the right data! The average
should be 1617!
For Simple Exponential Smoothing for the seed of the level use the first observation,
Y1.
For Holts Exponential Smoothing for the seed of the level use the first observation,
Y1. For the seed of the trend take the difference of the first two observations (Y2 Y1)
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 January 2023.
2. The out-of-sample forecast for October 2023.
3. The out-of-sample forecast for June

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