Question: This is a group assignment to be done based on the groups for your course project. Make a forecast for Monday (11/8/21) through Friday (11/12/21)
| This is a group assignment to be done based on the groups for your course project. |
| Make a forecast for Monday (11/8/21) through Friday (11/12/21) based on the available 251 observations using the following techniques: |
| 1) Use a four-day smoothing average |
| 2) Use a four-day weighted average |
| 3) Use an exponential smoothing function |
| 4) Use an additive-seasonality-based function assuming these days are "seasons" (Monday, Tuesday, Wednesday, Thursday) |
| Compare all forecasting methods and choose which one you think is the best one for your data. |
| Show your working and explain what steps you followed and justify your decisions. |
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