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Consider the following time series data. MSE = What is the forecast for month 8 ? of past data being relevant as in the moving

image text in transcribed Consider the following time series data. MSE = What is the forecast for month 8 ? of past data being relevant as in the moving average method, all past data is assumed to be relevant. (Round your answer to two decimal places.) MSE = What is the forecast for month 8? (Round your answer to two decimal places.) (c) Which method appears to provide the better forecast according to MSE? The method using the most recent value appears to be better since the MSE is smaller. The method using the average of all the data available appears to be better since the MSE is larger. The method using the average of all the data available appears to be better since the MSE is smaller. The method using the most recent value appears to be better since the MSE is larger

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