Question: Consider the following time series data. Week 1 2. 3 5 6 Value 19 12 16 11 18 13 Using the average of all the

Consider the following time series data. Week 1

Consider the following time series data. Week 1 2. 3 5 6 Value 19 12 16 11 18 13 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 = x (b) mean squared error MSE = x (c) mean absolute percentage error MAPE = X % (d) What is the forecast for week 7? x

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