Question: Consider the following time series data: Week 1 Value 18 2 13 3 16 11 5 17 6 14 Using the naive method(most recent value)

Consider the following time series data: Week 1 Value 18 2 13 3 16 11 5 17 6 14 Using the naive method(most recent value) as the forecast for next week compute the Mean Absolute Error (MAE). Consider the following time series data: Month 1 Value 24 2 13 3 20 4 12 5 19 6 23 7 15 What is the forecast for Month 8 using all the data available as the forecast? Consider the following time series data: Week 1 Value 18 2 13 3 16 4 11 5 17 16 14 Using the naive method(most recent value) as the forecast for next week, compute the Mean Squared Error (MSE). h

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