I need to develop a forecasting model for the series below: 1)I have to either u

Question

I need to develop a forecasting model for the series below:

1)I have to either use Holt or Holt-Winters forecasting methods (pick the most appropriate one cause i am not sure?).

2)Report the values of the smoothing parameters and plot the forecasts and the original data on the same chart, clearly distinguishing the two series.

Can someone please explain to me how to do this and what to do?

The attached documents are the information i have to use for the graphs.This is my part I have to do for a Group project.

Word File Edit View Insert Format Font Tools Table window $ Help O 84) 37%..E Wed Sep 26 1:49 PM Watson Q a Econ 4365 Group Project Part 1.docx (Read-Only) 100% Search in Document Home Layout Document Elements TablesCharts SmartArt Review Paragraph Styles Themes Times New Roan 12AAAa I0 B. l U., te A A2 .Atx( A Ei-th=, L , O Normal No Spacing Heading Heading 2 Title Text Box Shape Picture Themes 1. We chose the variables of Student Loans Owned and Securitized, Outstanding (SLOAS) as our dependent variable and will be using "Median usual weekly nominal carnings (second quartile: Wage and salary workers: Bachelor's degree and higher: 23 years of age and over (WSW) as our independent variable. We chose these variables to sce if student debt was ballooning due to wages not increasing over the same course of time. Theising cost of student debt could also directly affect other economic outcomes for current students later in life as it can become a large financial burden. Plot Area 2. The variables we chose, SLOAS and WSW, are similar in that both metrics represent dollars, however on different scales, Each data set contains 50 observations over the course of time from 01-01-06 until 04-01-18 all of thesc observations are madc quarterly. The data was obtained electronically from thi uceStudent Loans Owned and Securitized (SLOAS) and Wage and salary workers: Bachclor's degrce and higher: 25 years of agc and over (WSW OEPnt Layut Vew See Pages 1dt 4 werde0o1 349 Sec Pages: 1 ot 4 100% W X

Explanation / Answer

Marginal analysis involves a cost-versus-benefits comparison of various business activities. In marginal analysis, the cost of an activity is measured against incremental changes in volume to determine how the overall change in cost will affect the bottom line of a business. Marginal analysis can show the cost of additional production by a business all the way up to the break-even point. This is generally the maximum cost that a business can sustain without losing money.

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