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1) Consider the following time series data. Month 1 2 3 4 5 6 7 Value 24 15 28 17 35 2015 a. Compute MSE

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1) Consider the following time series data. Month 1 2 3 4 5 6 7 Value 24 15 28 17 35 2015 a. Compute MSE using the average of last two values as the forecast for the next period. What is the forecast for month 8? b. Compute MSE using the average of all the data available as the forecast for the next period. What is the forecast for month 8? c. Do you have any explanations for it

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