Question
Week 1 2 3 4 5 6 Value 19 14 17 12 18 13 Using the naive method (most recent value) as the forecast for
| Week | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Value | 19 | 14 | 17 | 12 | 18 | 13 |
Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.
(a) Mean absolute error
MAE = _____
(b) Mean squared error
MSE = _____
(c) Mean absolute percentage error (Round your answer to two decimal places.)
MAPE =_____ %
(d) What is the forecast for week 7?
_____
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Project Management A Managerial Approach
Authors: Jack R. Meredith, Samuel J. Mantel Jr.
8th edition
470533021, 978-0470533024
