For this activity, select a recurring quantity from your OWNlife for which you have monthly records at least 2 years (including24 observation in dataset at least). This might be the cost of autility bill, the number of cell phone minutes used, or even yourincome. If you do not have access to such records, use the internetto find similar data, such as average monthly housing prices, rentprices in your area for at least 2 years (You must note the datasource with an accessible link). Data can also be monthly sales ofsome particular commodity. 1.4 Please do the descriptive analysis,using the method of index number and Exponential Smoothingindividually. And try to explain the pattern you find. 1.5 Use twomethods you learned to predict the value of your quantity for thenext year (12 months). And make comparison with two results.
