Assignment Task
1. Based on the following data develop the forecasting model (adopt Exponential Smoothing Technique) by considering the following alpha levels. α = 0.2, 0.4, 0.6, 0.8. Write your conclusion after calculations of Errors (MAD and MSE only). Forecast FTAs (foreign tourist arrival) for the year 2018.
2. Calculate the Correlations for the following pairs of variables and write your Conclusion.
- In Migration of Persons from other states (Census of India) & Total MSMEs
- In Migration of Persons from other states (Census of India) & Active Companies
- In Migration of Persons from other states (Census of India) & 2017-18 GSDP – CURRENT PRICES (in Crore)
3. a. Summarized the following data by calculating the mean and standard deviation.
b. Write about the general pattern (here, time series component) across the given years using an appropriate graph.