HBMSU

Quantitative Methods RESM301 Spring 2020/2021

Individual Project (%30):

(USE ONLY EXCEL SHEET FOR DATA, FORMULAS, and the GRAPHS)

➢ For the following list of data (number of sold cars in every year ) , apply “exponential smoothing
with trend” for all the years below. (i.e find the Forecast including trend) (20%):

---- case1 use : α= 0.2 and β = 0.05

---- case2 use: for α= 0.05 and β = 0.2

Calculate MAD for both cases. Decide which case values are better and why?

Assume trend is zero for the 2012 years.

Year Number of sold

cars

2012 150
2013 173

2014 166
2015 167

2016 180
2017 185

2018 190
2019 210

2020 199

➢ Based on least squared regression method find the projections for the years 2021, 2022, and
2023. Plot the number of sold cars versus years (points graph) and show the trend line based on
your projections. (10%).

Instructions:
➢ Submit the excel file ONLY using the VLE individual project link in the last week of the vle. The
excel file can have your answers in text, graphs, tables and formulas. All in the same excel file
please. (Due in the last week ).
 ➢ Prepare slides and make a video presentation for the slides. Upload the video on a link in the
last week of the vle. You need max of 5 slides to present your work. All should submit a video. .
(Due in the last week ). If the video exceeds 2M (size), send it to me via email.

Have fun, be safe.