Exercise 3

For the model in Exercise 2, given that you have the actual data for the out-of-sample period (you considered the within-sample period to end in January 2021 – but you do have some data for February 2021 and onwards) – discuss your forecasting method, your forecasts, and the business insights from these, using the following steps:

 Attribution

 Scope

 Application

 Analysis

 Articulation of Issues

 Critique

 Position