Esempio Time Series

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    POLITECNICO DI TORINO

    ESERCITAZIONI DI LOGISTICA

    Laurea in Ingegneria Logistica e della Produzione

    Corso di Logistica e di Distribuzione 1

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    Problem 16.32 - Number of Airline Tickets Sold by a Local Travel Agenc

    Month Year Tickets

    January 1995 605

    February 1995 647

    March 1995 636

    April 1995 612

    May 1995 714

    June 1995 765

    July 1995 698

    August 1995 615

    September 1995 588

    October 1995 685November 1995 711

    December 1995 664

    January 1996 630

    February 1996 696

    March 1996 670

    April 1996 671

    May 1996 724

    June 1996 787

    July 1996 724August 1996 651

    September 1996 589

    October 1996 697

    November 1996 750

    December 1996 705

    January 1997 664

    February 1997 704

    March 1997 691

    April 1997 672

    May 1997 753

    June 1997 787

    July 1997 751

    August 1997 695

    September 1997 643

    October 1997 724

    November 1997 803

    December 1997 705

    January 1998 720

    February 1998 757March 1998 707

    April 1998 692

    May 1998 828

    June 1998 827

    July 1998 763

    August 1998 710

    Part (e): As the time series chart indicates, there is

    seasonality, so that Winters' model does a significantly

    better job than Holt's and simple models. However, it

    doesn't help much in any of the models to optimize over the

    smoothing constants - only marginal improvements are

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    Time series plot of Tickets

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    Tickets

    There is some upward trend and

    some seasonality, so Winters' method

    looks like a good choice.

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    Forecasting results for Tickets Date Observation SmLevel Forecast Error

    gen-95 605,000 605,000

    Simple exponential smoothing feb-95 647,000 609,200 605,000 42,000

    mar-95 636,000 611,880 609,200 26,800

    Smoothing constant(s) apr-95 612,000 611,892 611,880 0,120

    Level 0,100 alfa mag-95 714,000 622,103 611,892 102,108

    giu-95 765,000 636,393 622,103 142,897

    Estimation period lug-95 698,000 642,553 636,393 61,607

    ago-95 615,000 639,798 642,553 -27,553

    MAE 49,3871 set-95 588,000 634,618 639,798 -51,798

    RMSE 61,2139 ott-95 685,000 639,656 634,618 50,382

    MAPE 6,79% nov-95 711,000 646,791 639,656 71,344

    dic-95 664,000 648,512 646,791 17,209gen-96 630,000 646,660 648,512 -18,512

    feb-96 696,000 651,594 646,660 49,340

    mar-96 670,000 653,435 651,594 18,406

    apr-96 671,000 655,191 653,435 17,565

    mag-96 724,000 662,072 655,191 68,809

    giu-96 787,000 674,565 662,072 124,928

    lug-96 724,000 679,509 674,565 49,435

    ago-96 651,000 676,658 679,509 -28,509

    set-96 589,000 667,892 676,658 -87,658

    ott-96 697,000 670,803 667,892 29,108nov-96 750,000 678,722 670,803 79,197

    dic-96 705,000 681,350 678,722 26,278

    gen-97 664,000 679,615 681,350 -17,350

    feb-97 704,000 682,054 679,615 24,385

    mar-97 691,000 682,948 682,054 8,946

    apr-97 672,000 681,853 682,948 -10,948

    mag-97 753,000 688,968 681,853 71,147

    giu-97 787,000 698,771 688,968 98,032

    lug-97 751,000 703,994 698,771 52,229

    ago-97 695,000 703,095 703,994 -8,994set-97 643,000 697,085 703,095 -60,095

    ott-97 724,000 699,777 697,085 26,915

    nov-97 803,000 710,099 699,777 103,223

    dic-97 705,000 709,589 710,099 -5,099

    gen-98 720,000 710,630 709,589 10,411

    feb-98 757,000 715,267 710,630 46,370

    mar-98 707,000 714,441 715,267 -8,267

    apr-98 692,000 712,196 714,441 -22,441

    mag-98 828,000 723,777 712,196 115,804

    giu-98 827,000 734,099 723,777 103,223

    lug-98 763,000 736,989 734,099 28,901

    ago-98 710,000 734,290 736,989 -26,989

    set-98 673,000 728,161 734,290 -61,290

    ott-98 793,000 734,645 728,161 64,839

    nov-98 852,000 746,381 734,645 117,355

    dic-98 710,000 742,743 746,381 -36,381

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    Time series of Tickets with forecasts superimposed

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    Forecasting results for Tickets Date Observation SmLevel Forecast Error

    gen-95 605,000 605,000

    Simple exponential smoothing feb-95 647,000 613,408 605,000 42,000

    mar-95 636,000 617,931 613,408 22,592

    Smoothing constant(s) apr-95 612,000 616,743 617,931 -5,931

    Level 0,200 mag-95 714,000 636,213 616,743 97,257

    giu-95 765,000 661,995 636,213 128,787

    Estimation period lug-95 698,000 669,202 661,995 36,005

    ago-95 615,000 658,352 669,202 -54,202

    MAE 47,4880 set-95 588,000 644,268 658,352 -70,352

    RMSE 58,4296 ott-95 685,000 652,422 644,268 40,732

    MAPE 6,62% nov-95 711,000 664,149 652,422 58,578

    dic-95 664,000 664,119 664,149 -0,149gen-96 630,000 657,289 664,119 -34,119

    feb-96 696,000 665,038 657,289 38,711

    mar-96 670,000 666,032 665,038 4,962

    apr-96 671,000 667,026 666,032 4,968

    mag-96 724,000 678,432 667,026 56,974

    giu-96 787,000 700,166 678,432 108,568

    lug-96 724,000 704,937 700,166 23,834

    ago-96 651,000 694,140 704,937 -53,937

    set-96 589,000 673,092 694,140 -105,140

    ott-96 697,000 677,878 673,092 23,908nov-96 750,000 692,316 677,878 72,122

    dic-96 705,000 694,855 692,316 12,684

    gen-97 664,000 688,678 694,855 -30,855

    feb-97 704,000 691,746 688,678 15,322

    mar-97 691,000 691,596 691,746 -0,746

    apr-97 672,000 687,673 691,596 -19,596

    mag-97 753,000 700,751 687,673 65,327

    giu-97 787,000 718,017 700,751 86,249

    lug-97 751,000 724,620 718,017 32,983

    ago-97 695,000 718,690 724,620 -29,620set-97 643,000 703,538 718,690 -75,690

    ott-97 724,000 707,634 703,538 20,462

    nov-97 803,000 726,725 707,634 95,366

    dic-97 705,000 722,376 726,725 -21,725

    gen-98 720,000 721,900 722,376 -2,376

    feb-98 757,000 728,927 721,900 35,100

    mar-98 707,000 724,537 728,927 -21,927

    apr-98 692,000 718,024 724,537 -32,537

    mag-98 828,000 740,040 718,024 109,976

    giu-98 827,000 757,448 740,040 86,960

    lug-98 763,000 758,560 757,448 5,552

    ago-98 710,000 748,839 758,560 -48,560

    set-98 673,000 733,657 748,839 -75,839

    ott-98 793,000 745,536 733,657 59,343

    nov-98 852,000 766,849 745,536 106,464

    dic-98 710,000 755,469 766,849 -56,849

    These summary measures are

    marginally better than in part (b),

    but nothing much to get excited

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    Time series of Tickets with forecasts superimposed

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    Forecasting results for Tickets Date Observation SmLevel SmTrend Forecast Error Esercizio con aggiunta del trend

    gen-95 605,000 605,000 2,188 inizializzazione del trend senza la retta di regressione

    Holt's exponential smoothing feb-95 647,000 611,169 2,586 607,188 39,813

    mar-95 636,000 615,979 2,808 613,754 22,246

    Smoothing constant(s) apr-95 612,000 618,108 2,740 618,787 -6,787

    Level 0,100 mag-95 714,000 630,164 3,672 620,849 93,151

    Trend 0,100 giu-95 765,000 646,952 4,983 633,835 131,165

    lug-95 698,000 656,542 5,444 651,935 46,065

    Estimation period ago-95 615,000 657,287 4,974 661,986 -46,986

    set-95 588,000 654,835 4,232 662,261 -74,261

    MAE 46,3444 ott-95 685,000 661,660 4,491 659,067 25,933

    RMSE 56,1873 nov-95 711,000 670,636 4,939 666,151 44,849

    MAPE 6,57% dic-95 664,000 674,418 4,824 675,575 -11,575

    gen-96 630,000 674,317 4,331 679,241 -49,241

    feb-96 696,000 680,384 4,505 678,648 17,352

    mar-96 670,000 683,399 4,356 684,888 -14,888

    apr-96 671,000 686,080 4,188 687,755 -16,755

    mag-96 724,000 693,641 4,526 690,268 33,732

    giu-96 787,000 707,050 5,414 698,167 88,833

    lug-96 724,000 713,618 5,529 712,464 11,536

    ago-96 651,000 712,332 4,848 719,147 -68,147

    set-96 589,000 704,362 3,566 717,180 -128,180

    ott-96 697,000 706,835 3,457 707,928 -10,928

    nov-96 750,000 714,263 3,854 710,292 39,708

    dic-96 705,000 716,805 3,723 718,117 -13,117

    gen-97 664,000 714,875 3,157 720,528 -56,528

    feb-97 704,000 716,629 3,017 718,032 -14,032

    mar-97 691,000 716,782 2,731 719,646 -28,646

    apr-97 672,000 714,761 2,255 719,512 -47,512

    mag-97 753,000 720,615 2,615 717,016 35,984

    giu-97 787,000 729,607 3,253 723,230 63,770

    lug-97 751,000 734,674 3,434 732,860 18,140

    ago-97 695,000 733,798 3,003 738,108 -43,108

    set-97 643,000 727,421 2,065 736,801 -93,801

    ott-97 724,000 728,938 2,010 729,486 -5,486

    nov-97 803,000 738,153 2,731 730,948 72,052

    dic-97 705,000 737,296 2,372 740,884 -35,884

    gen-98 720,000 737,701 2,175 739,668 -19,668

    feb-98 757,000 741,589 2,347 739,877 17,123

    mar-98 707,000 740,242 1,977 743,936 -36,936

    apr-98 692,000 737,197 1,475 742,219 -50,219

    mag-98 828,000 747,605 2,368 738,673 89,327giu-98 827,000 757,676 3,139 749,974 77,026

    lug-98 763,000 761,034 3,161 760,815 2,185

    ago-98 710,000 758,775 2,619 764,194 -54,194

    set-98 673,000 752,554 1,735 761,393 -88,393

    ott-98 793,000 758,160 2,122 754,289 38,711

    nov-98 852,000 769,453 3,039 760,281 91,719

    dic-98 710,000 766,243 2,414 772,492 -62,492

    gen-99 768,657

    feb-99 771,071

    mar-99 773,485

    apr-99 775,899

    mag-99 778,313

    giu-99 780,727

    lug-99 783,141

    ago-99 785,555

    set-99 787,969

    ott-99 790,383

    nov-99 792,797dic-99 795,211

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    Time series of Tickets with forecasts superimposed

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    Forecasting results for Tickets Date Observation SmLevel SmTrend Forecast Error

    gen-95 605,000 605,000 2,188

    Holt's exponential smoothing feb-95 647,000 610,234 2,272 607,188 39,813

    mar-95 636,000 614,303 2,322 612,506 23,494Smoothing constant(s) apr-95 612,000 616,271 2,312 616,625 -4,625

    Level 0,077 mag-95 714,000 625,883 2,514 618,583 95,417

    Trend 0,028 giu-95 765,000 638,849 2,804 628,397 136,603

    lug-95 698,000 645,964 2,923 641,653 56,347

    Estimation period ago-95 615,000 646,294 2,851 648,887 -33,887

    set-95 588,000 644,467 2,722 649,146 -61,146

    MAE 44,9023 ott-95 685,000 650,082 2,802 647,189 37,811

    RMSE 55,4748 nov-95 711,000 657,330 2,925 652,884 58,116

    MAPE 6,31% dic-95 664,000 660,542 2,933 660,255 3,745

    gen-96 630,000 660,913 2,862 663,474 -33,474

    feb-96 696,000 666,241 2,930 663,775 32,225mar-96 670,000 669,234 2,932 669,171 0,829

    apr-96 671,000 672,077 2,930 672,166 -1,166

    mag-96 724,000 678,755 3,033 675,007 48,993

    giu-96 787,000 689,838 3,256 681,789 105,211

    lug-96 724,000 695,459 3,322 693,095 30,905

    ago-96 651,000 695,125 3,221 698,781 -47,781

    set-96 589,000 689,980 2,989 698,346 -109,346

    ott-96 697,000 693,277 2,997 692,969 4,031

    nov-96 750,000 700,385 3,111 696,274 53,726

    dic-96 705,000 703,611 3,114 703,496 1,504

    gen-97 664,000 703,457 3,024 706,726 -42,726feb-97 704,000 706,291 3,019 706,480 -2,480

    mar-97 691,000 707,908 2,980 709,309 -18,309

    apr-97 672,000 707,913 2,897 710,888 -38,888

    mag-97 753,000 714,038 2,987 710,810 42,190

    giu-97 787,000 722,379 3,135 717,025 69,975

    lug-97 751,000 727,464 3,189 725,514 25,486

    ago-97 695,000 727,925 3,114 730,653 -35,653

    set-97 643,000 724,303 2,927 731,039 -88,039

    ott-97 724,000 726,983 2,920 727,230 -3,230

    nov-97 803,000 735,496 3,075 729,903 73,097

    dic-97 705,000 736,002 3,004 738,571 -33,571gen-98 720,000 737,552 2,964 739,006 -19,006

    feb-98 757,000 741,777 2,999 740,515 16,485

    mar-98 707,000 741,885 2,918 744,775 -37,775

    apr-98 692,000 740,763 2,807 744,803 -52,803

    mag-98 828,000 750,030 2,986 743,570 84,430

    giu-98 827,000 758,676 3,142 753,015 73,985

    lug-98 763,000 761,909 3,145 761,818 1,182

    ago-98 710,000 760,841 3,028 765,054 -55,054

    set-98 673,000 756,917 2,836 763,869 -90,869

    ott-98 793,000 762,296 2,906 759,752 33,248

    nov-98 852,000 771,843 3,090 765,202 86,798dic-98 710,000 769,965 2,952 774,933 -64,933

    gen-99 772,917

    feb-99 775,870

    mar-99 778,822

    apr-99 781,774

    mag-99 784,727

    giu-99 787,679

    Again, this is only a marginal

    improvement over the non-

    optimized Holt's model, and it's only

    a little better than the simple

    exponential smoothing models.

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    Time series of Tickets with forecasts superimposed

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    Forecasting results for Tickets Date Observation SmLevel SmTrend SmSeason Forecast Error

    gen-95 605,000 636,231 1,796 0,951

    Winters' exponential smoothing feb-95 647,000 637,914 1,784 1,016 648,146 -1,146

    mar-95 636,000 641,229 1,938 0,973 621,136 14,864

    Smoothing constant(s) apr-95 612,000 643,117 1,933 0,952 612,469 -0,469Level 0,100 mag-95 714,000 647,160 2,144 1,075 691,378 22,622

    Trend 0,100 giu-95 765,000 653,057 2,519 1,120 723,196 41,804

    Seasonality 0,100 lug-95 698,000 656,586 2,620 1,050 687,414 10,586

    ago-95 615,000 658,614 2,561 0,941 620,572 -5,572

    Estimation period set-95 588,000 662,573 2,701 0,873 575,823 12,177

    ott-95 685,000 666,894 2,863 1,007 668,708 16,292

    MAE 14,3915 nov-95 711,000 668,889 2,776 1,074 720,335 -9,335

    RMSE 17,5676 dic-95 664,000 672,060 2,815 0,983 660,113 3,887

    MAPE 2,00% gen-96 630,000 673,640 2,692 0,949 641,748 -11,748

    feb-96 696,000 677,223 2,781 1,017 686,950 9,050

    mar-96 670,000 680,858 2,866 0,974 661,691 8,309

    apr-96 671,000 685,820 3,076 0,955 651,046 19,954mag-96 724,000 687,357 2,922 1,073 740,540 -16,540

    giu-96 787,000 691,546 3,049 1,121 772,811 14,189

    lug-96 724,000 694,087 2,998 1,049 729,336 -5,336

    ago-96 651,000 696,585 2,948 0,940 655,701 -4,701

    set-96 589,000 697,082 2,703 0,870 610,387 -21,387

    ott-96 697,000 698,997 2,624 1,006 704,937 -7,937

    nov-96 750,000 701,275 2,589 1,074 753,724 -3,724

    dic-96 705,000 705,173 2,720 0,985 692,125 12,875

    gen-97 664,000 707,047 2,636 0,948 672,034 -8,034

    feb-97 704,000 707,945 2,462 1,015 721,678 -17,678

    mar-97 691,000 710,298 2,451 0,974 692,055 -1,055

    apr-97 672,000 711,854 2,362 0,954 680,550 -8,550mag-97 753,000 712,984 2,238 1,071 766,211 -13,211

    giu-97 787,000 713,880 2,104 1,120 802,057 -15,057

    lug-97 751,000 715,955 2,101 1,049 751,299 -0,299

    ago-97 695,000 720,185 2,314 0,943 674,991 20,009

    set-97 643,000 724,174 2,482 0,872 628,432 14,568

    ott-97 724,000 725,934 2,409 1,005 731,262 -7,262

    nov-97 803,000 730,291 2,604 1,076 782,083 20,917

    dic-97 705,000 731,182 2,433 0,983 721,876 -16,876

    gen-98 720,000 736,177 2,689 0,951 695,702 24,298

    feb-98 757,000 739,586 2,761 1,016 749,694 7,306

    mar-98 707,000 740,697 2,596 0,972 723,072 -16,072

    apr-98 692,000 741,520 2,419 0,952 708,911 -16,911mag-98 828,000 746,847 2,710 1,075 796,858 31,142

    giu-98 827,000 748,472 2,601 1,118 839,137 -12,137

    lug-98 763,000 748,682 2,362 1,046 788,091 -25,091

    ago-98 710,000 751,269 2,385 0,943 707,878 2,122

    set-98 673,000 755,501 2,569 0,874 656,894 16,106

    ott-98 793,000 761,135 2,876 1,009 762,194 30,806

    nov-98 852,000 766,765 3,151 1,080 822,351 29,649

    dic-98 710,000 765,160 2,676 0,977 756,741 -46,741

    gen-99 730,436

    feb-99 782,488

    mar-99 751,601

    apr-99 738,382mag-99 836,840

    giu-99 873,438

    lug-99 820,160

    ago-99 741,558

    set-99 689,427

    ott-99 799,109

    nov-99 858,033

    dic-99 779,241

  • 8/3/2019 Esempio Time Series

    13/15

    Time series of Tickets with forecasts superimposed

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    gen-95

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    6

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    Date

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  • 8/3/2019 Esempio Time Series

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    Forecasting results for Tickets Date Observation SmLevel SmTrend SmSeason Forecast Error

    gen-95 605,000 636,231 1,796 0,951

    Winters' exponential smoothing feb-95 647,000 637,898 1,788 1,016 648,146 -1,146

    mar-95 636,000 641,429 1,894 0,971 621,124 14,876

    Smoothing constant(s) apr-95 612,000 643,249 1,889 0,952 612,618 -0,618Level 0,114 mag-95 714,000 647,529 2,035 1,072 691,473 22,527

    Trend 0,061 giu-95 765,000 653,803 2,293 1,114 723,485 41,515

    Seasonality 0,000 lug-95 698,000 657,185 2,359 1,049 687,959 10,041

    ago-95 615,000 658,832 2,316 0,941 620,890 -5,890

    Estimation period set-95 588,000 662,741 2,412 0,871 575,800 12,200

    ott-95 685,000 667,011 2,525 1,005 668,588 16,412

    MAE 13,8179 nov-95 711,000 668,574 2,467 1,076 720,097 -9,097

    RMSE 17,1263 dic-95 664,000 671,562 2,499 0,983 659,499 4,501

    MAPE 1,93% gen-96 630,000 672,748 2,419 0,951 640,973 -10,973

    feb-96 696,000 676,300 2,488 1,016 685,875 10,125

    mar-96 670,000 680,066 2,565 0,971 659,091 10,909

    apr-96 671,000 685,133 2,718 0,952 650,050 20,950mag-96 724,000 686,444 2,632 1,072 737,253 -13,253

    giu-96 787,000 691,068 2,753 1,114 767,495 19,505

    lug-96 724,000 693,440 2,730 1,049 727,517 -3,517

    ago-96 651,000 695,642 2,698 0,941 655,370 -4,370

    set-96 589,000 695,833 2,545 0,871 608,191 -19,191

    ott-96 697,000 697,815 2,511 1,005 701,984 -4,984

    nov-96 750,000 699,986 2,490 1,076 753,212 -3,212

    dic-96 705,000 704,167 2,593 0,983 690,395 14,605

    gen-97 664,000 705,795 2,535 0,951 672,067 -8,067

    feb-97 704,000 706,587 2,429 1,016 719,565 -15,565

    mar-97 691,000 709,315 2,447 0,971 688,442 2,558

    apr-97 672,000 711,070 2,405 0,952 677,791 -5,791mag-97 753,000 712,232 2,329 1,072 764,718 -11,718

    giu-97 787,000 713,654 2,274 1,114 795,879 -8,879

    lug-97 751,000 715,961 2,276 1,049 750,697 0,303

    ago-97 695,000 720,515 2,415 0,941 676,144 18,856

    set-97 643,000 724,679 2,521 0,871 629,607 13,393

    ott-97 724,000 726,413 2,473 1,005 730,954 -6,954

    nov-97 803,000 730,903 2,596 1,076 783,929 19,071

    dic-97 705,000 731,660 2,484 0,983 720,883 -15,883

    gen-98 720,000 736,763 2,643 0,951 698,107 21,893

    feb-98 757,000 740,063 2,683 1,016 751,134 5,866

    mar-98 707,000 741,083 2,582 0,971 721,194 -14,194

    apr-98 692,000 741,734 2,465 0,952 708,171 -16,171mag-98 828,000 747,419 2,660 1,072 797,647 30,353

    giu-98 827,000 749,218 2,608 1,114 835,440 -8,440

    lug-98 763,000 749,077 2,441 1,049 788,338 -25,338

    ago-98 710,000 751,823 2,459 0,941 707,474 2,526

    set-98 673,000 756,384 2,587 0,871 656,912 16,088

    ott-98 793,000 762,378 2,794 1,005 762,890 30,110

    nov-98 852,000 768,244 2,981 1,076 822,956 29,044

    dic-98 710,000 765,675 2,644 0,983 757,961 -47,961

    gen-99 730,604

    feb-99 783,190

    mar-99 751,158

    apr-99 739,200

    mag-99 834,834

    giu-99 870,477

    lug-99 822,264

    ago-99 740,711

    set-99 687,555

    ott-99 796,201

    nov-99 854,772

    dic-99 783,684

    Slightly better than the Winters' nonoptimized model, but much better

    than Holt's and simple models.

  • 8/3/2019 Esempio Time Series

    15/15

    Time series of Tickets with forecasts superimposed

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    gen-97

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    Date

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    Forecast