Problem 6-01 (Algorithmic) Consider the following time series data. Week 1 2 3 4 5 6 Value 19 14 15 11 18 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 absolu Chapter 6 Homework assignment take frame our 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. Next

Consider the following time series data. 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. If required, round your answer to one decimal place. b. Mean squared error. If required, round your answer to one decimal place. c. Mean absolu chapter 6 Homework assignment take frame our 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