Question: Problem 15-03 (Algorithmic) Consider the following time series data. Week Value 1 2 20 12 3 16 4 11 5 17 6 15 Using the

Problem 15-03 (Algorithmic) Consider the following time series data. Week Value 1 2 20 12 3 16 4 11 5 17 6 15 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 ERA MSE - MAPE =

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