Modelling and forecasting using exponential smoothing technique
Introduction: The main objective of this project was to implement the various forecasting techniques on the data set provided to us. The forecasting techniques used in the project are ARIMA models, simple exponential smoothing, holt’s method, and holt’s winters. The data provided to me was on the import and export of oil and non-oil products for a period of 26 years, this data was in a monthly format. Loading the required data loading data from the clipboard Investment income <- read.delim('clipboard', header = FALSE) Investment Income Qtr1 Qtr2 Qtr3 Qtr4 2000 264 146 262 76 2001 164 222 39 173 2002 232 49 168 225 2003 46 183 247 51 2004 193 234 23 191 2005 255 54 150 223 2006 52 188 252 53 2007 195 230 ...