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 hold-out sample for comparing the prediction accuracy of the models. They have decided to use \alpha =0.25, but arent sure what starting value of forecast, F1, to use. b. Compare the best model from part a to a three-period moving average model on the second set of data.

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