Consider the following time series data.
Week
1
N
3
4
5
6
...
Mathematics, 14.05.2021 04:00, ineedhelp368
Consider the following time series data.
Week
1
N
3
4
5
6
Value
19
13
15
12
16 13
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) MAPE
(D) forecast for week 7
Answers: 3
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