# 17 Using the data below, calculate the bias based on using the naïve

Question: # 17 Using the data below, calculate the bias based on using the naïve forecast method. Week Time Series Value 1 5.00 2 20.00 3 24.00 4 19.00 Submit Answer format: Number: Round to: 1 decimal places.Show transcribed image textI’m naive forecast, the forecast for the week is equal to the actu…View the full answerTranscribed image text: # 17 Using the data below, calculate the bias based on using the naïve forecast method. Week Time Series Value 1 5.00 2 20.00 3 24.00 4 19.00 Submit Answer format: Number: Round to: 1 decimal places.