Question: Consider the following time series data: Week Value 1 18 2 13 3 16 4 11 5 17 6 14 Using the nave method (most

Consider the following time series data:

Week Value
1 18
2 13
3 16
4 11
5 17
6 14

Using the nave method (most recent value) as the forecast for the next week, compute the following measures of forecast

  1. Mean absolute error
  2. Mean squared error
  3. Mean absolute percentage error

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