Question: Please state what exactly the answer is in the format given and how you get it, thanks. Problem 15-03 (Algorithmic) Consider the following time series

Please state what exactly the answer is in the format given and how you get it, thanks.

Please state what exactly the answer is in the format given andhow you get it, thanks. Problem 15-03 (Algorithmic) Consider the following timeseries data. Week2 3 4 5 6 Week 1 2 3 4

Problem 15-03 (Algorithmic) Consider the following time series data. Week2 3 4 5 6 Week 1 2 3 4 5 6 Value 18 12 16 11 17 13 Using the nave method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy: a. Mean absolute error (MAE) b. Mean squared error (MSE) c. Mean absolute percentage error (MAPE) Round your answers to two decimal places. MAE = MSE MAPE = Using the average of all the historical data as a forecast for the next period, compute the same three values. Round your answers to two decimal places MAPE

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