Question: 7. Consider the following time series data: Week 1 2 3 4 5 6 Value 18 13 16 11 17 14 Using the nave method

7. Consider the following time series data: Week

7. Consider the following time series data: Week 1 2 3 4 5 6 Value 18 13 16 11 17 14 Using the nave method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy: a. Mean absolute error b. Mean squared error c. Mean absolute percentage error d. What is the forecast for week 7

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