Question: Using the data below, calculate the bias based on using the nave forecast method. Week Time Series Value 1 6.00 2 5.00 3 10.00 4
Using the data below, calculate the bias based on using the nave forecast method.
| Week | Time Series Value |
| 1 | 6.00 |
| 2 | 5.00 |
| 3 | 10.00 |
| 4 | 23.00 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
