Consider the following time series data.
week 1 2 3 4 5 6
value 18 13 16 11 17 14<...
Mathematics, 28.11.2019 01:31 scotrebe3626
Consider the following time series data.
week 1 2 3 4 5 6
value 18 13 16 11 17 14
following are the results using 2 different methods as the forecast for the next week: naïve method (most recent value) average of all the historical dataa. mean absolute error 4.40 2.73b. mean squared error 20.80 10.86c. mean absolute percentage error 31.88 21.18which method appears to provide the more accurate forecasts for the historical data? - select your answer -naïve method (most recent value)average of all the historical dataitem 1explain. the input in the box below will not be graded, but may be reviewed and considered by your instructor.
Answers: 2
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