For the project, get seasonal data of your choice and construct a forecast using the model of deterministic trend, seasonality and cyclical component. You may use Chapter 9 of Diebold’s Forecasting in Economics, Business, Finance and Beyond or Chapter 10 (p.191-214) of Diebold’s Elements of Forecasting as an example of your analysis’s structure.For an assessment please see the uploaded files.1. Data: Are the data and its time characteristics clear? Pay attention to the data source provided,the time frame and the time series properties of the data being described.2. Model selection: Is the process and the arguments for model selection clear?3. Forecasting model: Are the residuals white noise? Are the parameters of the model statisticallysignificant? Is the model explaining a substantial variation of the variable of interest? Who are thepossible consumers of the forecast?
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