Reference no: EM132927093

RESM301 Quantitative Methods

For the following list of data (number of sold cars in every year ) , apply "exponential smoothing with trend" for all the years below. (i.e find the Forecast including trend):
---- case1 use : α= 0.2 and β = 0.05
---- case2 use: for α= 0.05 and β = 0.2
Calculate MAD for both cases. Decide which case values are better and why?
Assume trend is zero for the 2012 years.

Year	Number of sold cars
2012	150
2013	173
2014	166
2015	167
2016	180
2017	185
2018	190
2019	210
2020	199

- Based on least squared regression method find the projections for the years 2021, 2022, and 2023. Plot the number of sold cars versus years (points graph) and show the trend line based on your projections.

Instructions:
- Submit the excel file ONLY using the VLE individual project link in the last week of the vle. The excel file can have your answers in text, graphs, tables and formulas. All in the same excel file please.

- Prepare slides and make a video presentation for the slides. Upload the video on a link in the last week of the vle. You need max of 5 slides to present your work. All should submit a video. If the video exceeds 2M (size), send it to me via email.

Attachment:- Common assessments.rar