Lab Session 14
Try forecasting the Chinese GDP from the global_economy data set using an ETS model.
Experiment with the various options in the ETS() function to see how much the forecasts change with damped trend, or with a Box-Cox transformation. Try to develop an intuition of what each is doing to the forecasts.
[Hint: use h=20 when forecasting, so you can clearly see the differences between the various options when plotting the forecasts.]