What type of trend does the data exhibit

Reference no: EM133603672

Problem: Plot the data using an appropriate chart type in Excel. Describe the data patterns with reasoning and explanations. What type of trend does the data exhibit? How many seasons in a year and which season is the peak season? What are the possible causes for these patterns? Apply Moving Averages to forecast, calculate RMSE, and plot the actual data and forecast in one chart. What is the best n that produces the lowest RSME? Please use OFFSET function and generate a data table to find the best "n". Apply Simple Exponential Smoothing to forecast, calculate RMSE and plot the actual data and forecast in one chart. What is the best alpha that produces the lowest RSME? Please generate a data table to find the best smoothing constant. Which one works better for your time-series data, Moving Averages or Simple Exponential Smoothing? Why?

Reference no: EM133603672

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