Assignment: Plant Biodiversity and Adaptation The minimum length for this
October 6, 2021
I am a Researcher on this project You will have
October 6, 2021

Use the quarterly home price data for New Jersey to

 

Use the quarterly home price data for New Jersey to answer the following questions home sales prices data_1966.xlsx Download home sales prices data_1966.xlsx .

a. Plot the series and discuss the main features of the data.

b. Apply simple exponential smoothing using weighting parameter, alpha =0.5 and alpha=0.8, to forecast the next quarter home prices. Which alpha would you pick to forecast next quarter home prices? Explain how you arrived at this conclusion. 

                                          ***PLEASE INCLUDE GRAPHS***