Question: Month 1 2 4 5 7 2 3 4 5 6 7 14 21 13 Value 23 18 22 16 (a) Compute MSE using the

Month 1 2 4 5 7 2 3 4 5 6 7 14 21 13 Value 23 18

Month 1 2 4 5 7 2 3 4 5 6 7 14 21 13 Value 23 18 22 16 (a) Compute MSE using the most recent value as the forecast for the next period. (Round your answer to two decimal places.) MSE = What is the forecast for month 8? (b) Compute MSE using the average of all the data available as the forecast for the next period. (Round your answer to two decimal places.) MSE = What is the forecast for month 8? (Round your answer to two decimal places.)

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