solution

You have 50 months of drone camera sales data (data are at the end of this document). After a few months of stagnant sales, the manufacturer offers an upgrade to the camera. This upgrade generates temporary buzz in the market and boosts sales. But after a few months sales go down again. The manufacturer this time, takes a step back and studies the market and various ways to improve the cameras. Finally, they figure out that the market wants cameras that can connect to the internet and upload images automatically to the cloud. Introduction of this feature leads to a huge success and sales take off.

1. Based on the above results, write two to four paragraphs summarizing what you learned. Include at least the following:

2. What are the strengths and weaknesses of different methods (MAPE, MSE, MAD) ?

3. Which method (or combination of methods) do you recommend for the company? Why?