FOR1. Open file Nuclear Power.Select data for Canada. Address the followingquestions.

a. Provide a plot of the data over timein the space below. (2 pts)

[plot here]

b. Choose an appropriate forecastingmodel and forecast for the next 3 periods (provide forecast in thetable below). Explain model selection approach. (8 pts)

Period	Forecast
2007
2008
2009

c. Using the same data, forecast thenext 3 periods in the time series using the 5-period moving averageand indicate the values below. (3 pts)

Period	Forecast
2007
2008
2009

d. Using the same data, forecast forthe next 3 periods in the time series using the single exponentialsmoothing technique with a smoothing constant of 0.3 and indicatethe values below. (3 pts)

Period	Forecast
2007
2008
2009

e. Compare results from models b, c and d. Which forecast modeldo you recommend to use for the next 3 periods? Justify yourrecommendation (6 pts)

DATA:

Nuclear ElectricPower Production (Billion KWH)
Year	US	Canada	France
1980	251.12	35.88	63.42
1981	272.67	37.8	99.24
1982	282.77	36.17	102.63
1983	293.68	46.22	135.99
1984	327.63	49.26	180.47
1985	383.69	57.1	211.19
1986	414.04	67.23	239.56
1987	455.27	72.89	249.27
1988	526.97	78.18	260.29
1989	529.35	75.35	288.72
1990	576.86	69.24	298.38
1991	612.57	80.68	314.77
1992	618.78	76.55	321.52
1993	610.29	90.08	349.78
1994	640.44	102.44	341.98
1995	673.4	92.95	358.37
1996	674.73	88.13	377.47
1997	628.64	77.86	375.71
1998	673.7	67.74	368.59
1999	728.25	69.82	374.53
2000	753.89	69.16	394.4
2001	768.83	72.86	400.02
2002	780.06	71.75	414.92
2003	763.73	71.15	419.02
2004	788.53	85.87	425.83
2005	781.99	87.44	428.95
2006	787.22	93.07	427.68