Question: please solve this question using the static and winter forecasting method and answer all the questions below it, please As noted in the class, this

please solve this question using the static and winter forecasting method and answer all the questions below it, please
please solve this question using the static and
As noted in the class, this case is an extension of the "Forecasting Exercise" that was done in class (below). FORECASTING EXERCISE 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 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Year 1 204 213 203 209 226 212 218 232 239 212 237 217 Year 2 234 231 227 233 238 227 245 226 222 232 226 232 Year 3 230 231 229 234 245 234 254 237 245 249 246 260 In particular, Forecast the monthly demand for year 4 using an adaptive method of your choice, evaluate the latter using MAD, and compare it to Holt's 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 adaptive forecasting, and report the MAD. Explain in detail why you chose this method. 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. Explain in detail your conclusions regarding the future demand

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