Question: 1. Using the data below, calculate the squared error for the 4th week. Use the 2 period moving average to create the forecast. Week Time

1. Using the data below, calculate the squared error for the 4th week. Use the 2 period moving average to create the forecast.

Week

Time Series Value

1

24.00

2

18.00

3

8.00

4

22.00

2.

Using the data below, what is the value of the absolute percent error for week 3?

Week

Time Series Value

Forecast

1

7

7.00

2

5

3.00

3

4

2.00

4

3

4.00

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