For the time series below
Part a) Develop a linear trend forecast
Part b) Add a quadratic component to the model in part (a) and develop a new forecast
Part c) Now assume a seasonal pattern and add the seasonality of the months to the linear trend model in part (a) and develop a new forecast
Part d) Provide the MSE from the 3 models here
MSE Model a
MSE Model b
MSE Model c
Part e) Based on your answers to part d, for whichever forecast model you deem to be the best, draw a time series graph of both the original time series and the “best” forecast.
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