Question: The ABC Floral Shop is considering fitting various forecasting models on the first seven days of demand and using the second seven days as a
The ABC Floral Shop is considering fitting various forecasting models on the first seven days of demand and using the second seven days as a holdout sample for comparing the prediction accuracy of the models. They have decided to use alpha but arent sure what starting value of forecast, F to use. b Compare the best model from part a to a threeperiod moving average model on the second set of data.
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