Question: Consider the following time series data. Week 1 2 3 4 5 6 Value 19 12 17 12 16 15 Using the naive method (most

Consider the following time series data.

Week 1 2 3 4 5 6
Value 19 12 17 12 16 15

Using the naive method (most recent value) as the forecast for the next week, compute the following.

(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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