Question: please use excel for this 1) Consider the following time series data Month Value 1 20 2 14 3 25 4 16 5 30 6
1) Consider the following time series data Month Value 1 20 2 14 3 25 4 16 5 30 6 24 7 16 a Compute MSE using the average of last two values as the forecast for the next period. 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. What is the forecast for month 82
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