Problem 15-03 (Algorithmic) Consider the following time series data Week 1 2 13 3 16 Value 4 10 5 17 6 15 19 Using the naive 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 MAE MSE - MAPE = Which method appears to provide the more accurate forecasts for the historical data? 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 the values Round your answers to two decimal places MAE - MSE MAPE Which method appears to provide the more accurate forecasts for the historical data Explain The input in the box below will not be graded, but may be reviewed and considered by your instructor Check My Work