Question: Consider the following time series data. Week 1 2 3 4 5 6 Value 18 12 15 12 16 13 Using the naive method

Consider the following time series data. Week 1 2 3 4 5

Consider the following time series data. Week 1 2 3 4 5 6 Value 18 12 15 12 16 13 Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. (a) mean absolute error MAE= (b) mean squared error MSE= (c) mean absolute percentage error (Round your answer to two decimal places.) MAPE= % (d) What is the forecast for week 7?

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