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1. Create a "test forecast" for the years 2012 to 2018. Calculate the error, absolute error, squared error and

percentage error of these forecasts. (This will fill the yellow squares)

2. Calculate the mean error, mean absolute error, mean squared error and the mean absolute percentage error for both forecasts. (This will fill the orange squares).

3. Briefly describe which forecast you are inclined to prefer - and explain your reasoning.

4. Create forecasts using both methods for 2019. (This will fill the green squares) - YOU WILL HAVE TO COPY ALL OF THE DATA FROM ROW B INTO ROW C FOR THIS TO WORK. Place the MA(5) forecast in column B and the MA(10) forecast in column CCapture.PNG

Capture.PNG

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