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(b) Compute MSE using the average of all the data avaloble as the forecast for the next periot. (Round your answer to two decimal places.)

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(b) Compute MSE using the average of all the data avaloble as the forecast for the next periot. (Round your answer to two decimal places.) MSE - What is the forecast for month s? (c) Which method appears to previde the better forecast? The most recent value provides a better forecast, becaute is MSE is smaller than the MSE using the average of all the previous values. The most recent value provides a better forecast, because its forecast for month 8 is smalier thas the month 8 forecast using the average of all the previous values. The weroge of all the previous valves provides a better forecas, becaute is MSt is smaller than the MSE using the most recent value. The average of all the previous values provides o betfer forecast, because its forecast for month 8 is iarger than the month s forecast using the most recent value

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