For the following time series data,using the naïve method (the most recent value as the forecast for the next period),compute the following measures of forecast accuracy.
a
Mean absolute error (MAE)
b.Mean squared error (MSE)
c.What is the forecast for period 7?
Definitions:
Discrimination
The unjust or prejudicial treatment of different categories of people, often based on race, age, or gender.
Subtyping
Subtyping is a cognitive process where individuals adjust their stereotypes by creating subcategories for group members who do not fit the prevalent group stereotypes.
Stereotyping
The act of categorizing individuals into specific groups based on generalized beliefs, which may not accurately reflect reality.
Prejudice
Preconceived opinions or attitudes towards people or groups without factual basis or actual experience.
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