Time Series, Forecasting with Rstudio.

Please use Rstudio to help with the following homework problem.

Thank You. (every problem we start with " library(fpp) " )

7.3 For this exercise, use the price of a dozen eggs in the United States from 1900-1993 (data set eggs). Experi- ment with the various options in the holt () function to see how much the forecasts change with damped or FORECASTING: PRINCIPLES AND PRACTICE exponential trend. Also try changing the parameter values for a and to see how they affect the forecasts. Try to develop an intuition of what each parameter and argument is doing to the forecasts. Hint: use h 100 when calling holt () so you can clearly see the differences between the various options when plotting the forecasts.] Which model gives the best RMSE? 7.3 For this exercise, use the price of a dozen eggs in the United States from 1900-1993 (data set eggs). Experi- ment with the various options in the holt () function to see how much the forecasts change with damped or FORECASTING: PRINCIPLES AND PRACTICE exponential trend. Also try changing the parameter values for a and to see how they affect the forecasts. Try to develop an intuition of what each parameter and argument is doing to the forecasts. Hint: use h 100 when calling holt () so you can clearly see the differences between the various options when plotting the forecasts.] Which model gives the best RMSE