Question: ( b ) Compute MSE using the average of all the data available as the forecast for the next period. What is the forecast for
b Compute MSE using the average of all the data available as the forecast for the next period. What is the forecast for month
The MSE is to be calculated again, but this time will be based on the forecasts made using the average of the data. The given data follow.
tableMonthValue
The forecast for month will be the observed value from month The forecast for month will be the average of the observed values from months and The forecast for month will be the average of the observed values from months and
Complete the columnof forecast values using this method.
tableMonthValue,Forecast Value
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