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Home / Questions / Consider the following time series data. Week 1 2 3 4 5 6 Value 18 12 15 10 19 14 Using t...

Consider the following time series data. Week 1 2 3 4 5 6 Value 18 12 15 10 19 14 Using the naïve method (most recent value as the forecast for the next week compute the following measures

Consider the following time series data.

Week 1 2 3 4 5 6
Value 18 12 15 10 19 14

Using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.

Mean absolute error. Round your answer to one decimal place.


Mean squared error. Round your answer to one decimal place.


Mean absolute percentage error. Round your answer to two decimal places.


What is the forecast for week 7? Round your answer to the nearest whole number.

Aug 25 2020 View more View Less

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