Consider the following time series data. Week 123 4 5 6 Value 19 13 15 11 16 14 Using the average of all the historical data as a forecast for the next period, compute the following. (Round your answers to two decimal places.) (a) mean absolute error MAE-2 (b) mean squared error MSE- x X (c) mean absolute percentage error MAPE (d) What is the forecast for week 77

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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Consider the following time series data.
Week 1 2 3
4
5 6
Value 19 13 15 11 16 14
Using the average of all the historical data as a forecast for the next period, compute the following. (Round your answers to two decimal places.)
(a) mean absolute error
MAE 2
(b) mean squared error
MSE -
x
(c) mean absolute percentage error
MAPE-
(d) What is the forecast for week 77
Transcribed Image Text:Consider the following time series data. Week 1 2 3 4 5 6 Value 19 13 15 11 16 14 Using the average of all the historical data as a forecast for the next period, compute the following. (Round your answers to two decimal places.) (a) mean absolute error MAE 2 (b) mean squared error MSE - x (c) mean absolute percentage error MAPE- (d) What is the forecast for week 77
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