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5 6 Consider the following time series data. Week 1 2 3 4 Value 17 13 16 12 18 13 Using the naive method (most recent va
Posted: Sun Sep 05, 2021 5:09 pm
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- 5 6 Consider The Following Time Series Data Week 1 2 3 4 Value 17 13 16 12 18 13 Using The Naive Method Most Recent Va 1 (16.86 KiB) Viewed 447 times
5 6 Consider the following time series data. Week 1 2 3 4 Value 17 13 16 12 18 13 Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. (a) mean absolute error MAE (b) mean squared error MSE - (c) mean absolute percentage error (Round your answer to two decimal places.) MAPE = % (d) What is the forecast for week 7?