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  3. Forecasting Product Demand in R

Exercise

Ensemble forecast for new product

Now that you have two different types of forecasts - a time series and a regression - let's try to ensemble them together to improve the forecast. Your forecast objects for_MET_sp_xts and pred_MET_sp_xts are in your workspace along with your validation data object MET_sp_v.

Instructions

100 XP
  • Take the average of your two forecasts.
  • Calculate the MAPE of this ensemble forecast.