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United Colors of Benetton needs you, Benetton is a global fashion garment manufacturer and is well known for its speed of new product introduction. The company is planning to introduce its new collection for the next quarter and is interested in estimating the demand for that quarter. Suggest a suitable forecasting method that could be utilized by Benetton while predicting the demand for the upcoming quarter. The historical data is provided in the Excel file. You need to reorganize the data to make it easy to work with. You need to try three different forecasting methods and compare them using one of the error measures that you select. You also need to explain the rationale behind your selection.
Year Q1 Q2 Q3 Q4
2005 209 253 197 280
2006 212 263 205 291
2007 226 274 213 303
2008 235 285 222 315
2009 245 296 230 328
2010 259 314 244 347
2011 264 320 249 354
2012 270 326 254 361
2013 278 336 262 372
2014 289 350 272 387
2015 306 371 289 410
2016 318 385 300 427
2017 325 393 306 435
2018 344 417 325 461
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