a) Compute MSE using the most recent value as the forecast for the next period. MSE= What is the forecast for month 8 ? x b) Compute MSE using the average of all the data available as the forecast for the next period. (Round your answer to two decimal places.) MSE= What is the forecast for month 8 ? x c) Which method appears to provide the better forecast? The most recent value provides a better forecast, because its MSE is smaller than the MSE using the average of all the previous values. The average of all the previous values provides a better forecast, because its forecast for month 8 is larger than the month 8 forecast using the most recent value. The most recent value provides a better forecast, because its forecast for month 8 is smaller than the month 8 forecast using the average of all the previous values. The average of all the previous values provides a better forecast, because its MSE is smaller than the MSE using the most recent value