Management

create a statistical forecast using actual data found on any internet web site. 1. Identify the web site you used for your data. DO NOT USE CORPORATE FINANCIAL DATA SUCH AS REVENUE, ETC. 2. Create a line chart of your historical data with 18-24 data points in the time series. Identify by name the data pattern you believe it has. 3. Using the time series data in the previous step, create at least 4 different statistical forecasts for the next time period. Calculate the Mean Absolute Deviation (MAD) for each forecast created in step 3 using as many time series data as possible. technique is the most accurate 4. Using the MAD calculations identify what your forecast would be for the next time period. 5. Write a one two two paragraph summary of what you learned from the experience.