The following time series data show the number of lightning strikes in a particular county for the most recent seven months. Month 1 2 3 Value 26 15 22 14 21 25 What is the forecast for month 8? 456 7 (a) Compute MSE using the most recent value as the forecast for the next period. MSE = OOO What is the forecast for month 8? 17 (b) Compute MSE using the average of all the data available as the forecast for the next period. (Round your answer to two decimal places.) MSE = (c) Which method appears to provide the better forecast? The most recent value provides a better forecast, because its forecast for month 8 is smaller than the month 8 forecast using the average of all the previous values. The average of all the previous values provides a better forecast, because its MSE is smaller than the MSE using the most recent value. The most recent value provides a better forecast, because its MSE is smaller than the MSE using the average of all the previous values. The average of all the previous values provides a better forecast, because its forecast for month 8 is larger than the month 8 forecast using the most recent value.