Question: Problem 6-01 (Algorithmic) Consider the following time series data. Week 1 2 3 4 5 6 Value 20 12 16 11 17 13 Using the

Problem 6-01 (Algorithmic) Consider the following

Problem 6-01 (Algorithmic) Consider the following time series data. Week 1 2 3 4 5 6 Value 20 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. If required, round your answer to one decimal place. b. Mean squared error. If required, round your answer to one decimal place. c. Mean absolute percentage error. If required, round your intermediate calculations and final answer to two decimal places. % d. What is the forecast for week 7? If required, round your answer to two decimal place

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