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Consider the total production and sales of ice cream in Canada in millions of litres for the period 1995 until 2007

Consider the total production (and sales) of ice cream in Canada (in millions of litres) for the period 1995 until 2007 (from left to right)341,331,317,315,321,278,298,311,302,302,335,320,285Fit a model to ice cream production data using each of the following techniques and forecast the 2008 production in each case. Also, plot the two moving average forecasts and the actual, the two exponential smoothing forecasts and the actual, and the linear trend and the actual (three graphs altogether)a. Two-year moving averageb.Four year moving averagec. Exponential smoothing with smoothing constant = 0.2d. Exponential smoothing with smoothing constant= 0.4

Sep 01 2020 Read more Less More

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