Consider the following time series data. Month Value Round your answers to two decimal places. a. Compute MSE using the most recent value as the forecast for the next period. Mean squared error is What is the forecast for month ? b. Compute MSE using the average of all data available as the forecast for the next period. Mean squared error is What is the forecast for month ? c. Which method appears to provide the better forecast?

Exercise: counting committees 0.0/2.0 puntos (calificable) we start with a pool of n people. a chaired committee consists of k≥1 members, out of whom one member is designated as the chairperson. the expression k(nk) can be interpreted as the number of possible chaired committees with k members. this is because we have (nk) choices for the k members, and once the members are chosen, there are then k choices for the chairperson. thus, c=∑k=1nk(nk) is the total number of possible chaired committees of any size. find the value of c (as a function of n ) by thinking about a different way of forming a chaired committee: first choose the chairperson, then choose the other members of the committee. the answer is of the form c=(α+nβ)2γn+δ. what are the values of α , β , γ , and δ ?