Question: please help by showing work step by step a-d. Thank you PART 1: FORECASTING In this part, you practice with the simplest forecasting models: Nave,

please help by showing work step by step a-d. Thank you
please help by showing work step by step a-d.
PART 1: FORECASTING In this part, you practice with the simplest forecasting models: Nave, Simple Moving Average (SMA), Simple Exponential Smoothing (SES), and Double Exponential Smoothing (DES), which are introduced in the slides of Module 02. Specifically, you need to select a US company whose stock is traded on the New York Stock Exchange. You need to record the daily (close) stock prices from NYSE.com, and download some historic data on the stock. The time horizon is: 8/17/21-12/03/21. Based on the data, you need to forecast the stock price for the next day using four different methods. You can use the forecasting Excel template and video link posted in Module 02 on Canvas as your guide. Please keep in mind this is just an exercise on some forecasting models, which can be applied to, for example, demand forecasting. In no way does your instructor teach or encourage you to do financial investments. We use stock data because you can get them daily for free. In your report of this part, you need to present the following: (a) A brief description, in your own words, on the company and how you get the data. 2 (b) A table, like in the Module 2's sample Excel file containing dates, actual stock prices, forecasted stock prices (Nave, SMA, SES & DES), daily forecasting errors, and the four Mean Absolute Percentage Errors (MAPE's). You need to choose one k value for SMA, one a value for SES, a combination of a and B for DES to make the corresponding MAPES as small as possible. How to choose those parameters? You can try out different values of k, a and B, and look at the corresponding MAPE; k can be 2, ..., 9; and a and B can be 0.1, 0.2, ..., 0.9. You can follow the Hint for finding optimal parameters posted in the Project folder on Canvas. (c) Two graphs with all five time series (actual stock price, Nave forecasts, SMA forecasts, SES forecasts, and DES forecasts), one on days (T) and the other on dates, like in the Excel file. (d) State the optimal parameter values for each forecasting method. Describe how you choose k, a, and B. Copy the parameter search charts from Excel if you wish. Finally, conclude which forecasting method, Naive, SMA, SES or DES, works the best for your data, i.e. having the smallest MAPE. For the future, please keep in mind that optimal parameters change over time. PART 1: FORECASTING In this part, you practice with the simplest forecasting models: Nave, Simple Moving Average (SMA), Simple Exponential Smoothing (SES), and Double Exponential Smoothing (DES), which are introduced in the slides of Module 02. Specifically, you need to select a US company whose stock is traded on the New York Stock Exchange. You need to record the daily (close) stock prices from NYSE.com, and download some historic data on the stock. The time horizon is: 8/17/21-12/03/21. Based on the data, you need to forecast the stock price for the next day using four different methods. You can use the forecasting Excel template and video link posted in Module 02 on Canvas as your guide. Please keep in mind this is just an exercise on some forecasting models, which can be applied to, for example, demand forecasting. In no way does your instructor teach or encourage you to do financial investments. We use stock data because you can get them daily for free. In your report of this part, you need to present the following: (a) A brief description, in your own words, on the company and how you get the data. 2 (b) A table, like in the Module 2's sample Excel file containing dates, actual stock prices, forecasted stock prices (Nave, SMA, SES & DES), daily forecasting errors, and the four Mean Absolute Percentage Errors (MAPE's). You need to choose one k value for SMA, one a value for SES, a combination of a and B for DES to make the corresponding MAPES as small as possible. How to choose those parameters? You can try out different values of k, a and B, and look at the corresponding MAPE; k can be 2, ..., 9; and a and B can be 0.1, 0.2, ..., 0.9. You can follow the Hint for finding optimal parameters posted in the Project folder on Canvas. (c) Two graphs with all five time series (actual stock price, Nave forecasts, SMA forecasts, SES forecasts, and DES forecasts), one on days (T) and the other on dates, like in the Excel file. (d) State the optimal parameter values for each forecasting method. Describe how you choose k, a, and B. Copy the parameter search charts from Excel if you wish. Finally, conclude which forecasting method, Naive, SMA, SES or DES, works the best for your data, i.e. having the smallest MAPE. For the future, please keep in mind that optimal parameters change over time

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