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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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
Transcribed Image Text:Consider the following time series data:
Month 1 2 3 4 5 6 7
Value
25 13 19 11 19 23 16
(a) Compute MSE using the most recent value as the forecast for the next
period.
If required, round your answer to one decimal place.
(b) Compute MSE using the average of all the data available as the forecast
for the next period.
If required, round your answer to one decimal place. Do not round
intermediate calculation.
What is the forecast for month 8?
If required, round your answer to one decimal place.
Expert Solution
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