ECON1064 Forecasting Assignment, RMIT, Singapore: Examine the plot and describe the issues that may arise using this time series data for forecasting.
| University | RMIT University (RMIT) |
Question 1
The below graph plots the daily prices of Gold over time.
a) Examine the plot and describe the issues that may arise using this time series data for forecasting. Offer solutions to these issues.
b) Offer a suitable forecasting method for this data.
Question 2
The below output shows the results of an ARIMA model which was fitted to a time-series data of Japan’s GDP and an excerpt of the data. Based on the below model and information:
a) Explain whether the time series is likely to contain a seasonal pattern, a trend pattern, neither, or both.
b) Explain the predicted GDP value for Q4, 2022.
Question 5
The following monthly sales of chocolate boxes (in thousands of AU dollars) have been recorded for January, February, March, and April, respectively: 8.5, 8, 8, 9. Examining the forecasting accuracy for the month of April only, explain which of the following forecasting methods would you recommend: the Naïve method, the Average method, or the Simple exponential smoothing method (assuming alpha=0.85 and initial state of 8)?
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
Are you a student at RMIT University in Singapore grappling with the ECON1064 Forecasting Assignment? Look no further! Our assignment writing service is here to assist you with TMA, individual assignments, and more. We understand the complexities of this task, where you need to examine the plot and describe issues with time series data for forecasting. Don't stress; our experts have your back. Plus, with our Best Online Exam Help in Singapore, you can conquer every challenge. Pay our experts and stay on the path to academic success.
- MKTG1001 Foundations of Marketing Assignment 2 Individual Report | The University of Newcastle (UoN)
- S2010C Health and Wellness Graded Assignment AY2025 Term 4 – Republic Polytechnic (RP)
- RBP040L051 Postgraduate Dissertation Assessment brief – University of Roehampton Business School
- ACFI 2070 Business Finance Individual Assignment – The University of Newcastle (UoN)
- PY2107 Experimental Investigation and Analysis of Behaviour Assignment 2 Written – Research Report , James Cook University (JCU)
- ACCT111 Financial Accounting Individual Assignment, Singapore Management University (SMU)
- RM71003 Category Management & Merchandising Assignment 1 – Singapore Management University (SMU)
- Visual Arts Management Assignment 2 Essay Singapore Art Science Museum – Nanyang Academy of Fine Arts (NAFA)
- BM1987 Employment Law In-Course Assessment (ICA 1) Guide , Nanyang Polytechnic (NYP)
- MA3005/MA3705 Control Theory Coursework 2025-26, Nanyang Technological University (NTU)
