Consider the following time series data: 1 2 3 4 5 6 7 26 15 22 14 21 25 17 PART 1.Compute MSE using the most recent value as the forecast for the next period and then calculate the forecast for month 8.  PART 2.Compute MSE using the average of all the data available as the forecast for the next period. What is the forecast for month 8?

Q: Given a time series comprising the last two years of quarterly data (5 thousands) a) Complete the…

A: PeriodOutput16.524.639.8413.656.965710.4814.1

Q: . The Food and Drug Administration (FDA) reported the number of new drugs approved over an…

A: A quantitative variable is used to represent amount or quantity, its values are in some numbers,…

Q: Consider the following time series data. Month 1 2 3 21 10 17 9 Value 4 What is the forecast for…

A: Month  :  {1,2,3,4,5,6,7} Value :  {21,10,17,9,16,20,12}  Using most recent data :  Forcast = 12…

Q: The following table gives the average monthly exchange rate between the U.S. dollar and the euro for…

A: The given data is as follows: January1.289February…

Q: The figure below is a time-series graph showing overall death rates (from all causes) in a country…

A: Consider the given figure.

Q: C8. According to the Pew Research Center (2015), recent immigrants are better educated than earlier…

A:

Q: Using three yearly moving averages, determine the trend and short term. fluctuations. Year : 1989…

A:

Q: The following data report total, monthly U.S. gasoline sales in millions of dollars from January…

A: The Mean Absolute Deviation (MAD) is given by: MAD=Actual value-Forecasted Valuen To calculate the…