Consider the following time series date. Week 1,2,3,4,5,6,7 Value 24,13,20,12,19,23,15 a. Compute… 1 answer below »

Consider the following time series date.Week 1,2,3,4,5,6,7Value 24,13,20,12,19,23,15a. Compute MSE using the most recent caules as the forecast for the next period. What is the forecast for month 8?b. Compute MSE using the avg. of all the data available as the forecast for the next period. What is the forecast for month 8?C. What method appears to provide the better forecast?

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