Consider the following time series data.
Round your answers to two decimal places.
a.Compute MSE using the most recent value as the forecast for the next period.
Mean squared error is
What is the forecast for month 8?
b.Compute MSE using the average of all data available as the forecast for the next period.
c.Which method appears to provide the better forecast?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here