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Solved: Consider the following time series data. Using the naive method (most recent value) as

Problem 15-01 (Algorithmic) Consider the following time series data. Week 1 2 3 4 5 6 Value 20 14 15 10 17 14 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. Round your answer to one decimal place b. Mean squared error. Round your answer to one decimal place c. Mean absolute percentage error. Round your answer to two decimal places. d. What is the forecast for week 7? Round your answer to the nearest whole number.
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. Mean absolute error. Mean squared error. Mean absolute percentage error. What is the forecast for week 7? Round your answer to the nearest whole number.

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