Consider the following time series data. Week 4 Value 18 14 15 12 18 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 - 2.66 (b) mean squared error MSE - 8.59

MATLAB: An Introduction with Applications
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Please correct answers for c and d
Consider the following time series data.
Week
2
3
5
Value
18
14
15
12
18
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 - 2.66
(b) mean squared eror
MSE - 8.59
(c) mean absolute percentage error
MAPE = 28.77
X %
(d) What is the forecast for week 7?
15.1
Transcribed Image Text:Consider the following time series data. Week 2 3 5 Value 18 14 15 12 18 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 - 2.66 (b) mean squared eror MSE - 8.59 (c) mean absolute percentage error MAPE = 28.77 X % (d) What is the forecast for week 7? 15.1
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