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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 = 0.2Calculate 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.
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Attachment:- Common assessments.rar
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