Question: Consider the following time series data. Using the average of all the historical data as a forecast for the next period, compute the following measures

Consider the following time series data. Using the average of all

Consider the following time series data. Using the average of all the historical data as a forecast for the next period, compute the following measures of forecast accuracy. (Round your answers to two decimal places.) (a) mean absolute error MAE= (b) mean squared error MSE= (c) mean absolute percentage error MAPE=% (d) What is the forecast for week 7

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