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Compute the following measures of forecast accuracy

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Reference no: EM13887120

1.Refer to the time series data in Exercise 1. Using the average of all the historical data as a forecast for the next period, compute the following measures of forecast accuracy:

a. Mean absolute error

b. Mean squared error

c. Mean absolute percentage error

d. What is the forecast for week 7?

Reference no: EM13887120

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