The naive forecast is limited in its application to series that reflect no trend or seasonality.
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Q7: When new products or services are introduced,
Q8: For new products in a strong growth
Q9: Organizations that are capable of responding quickly
Q10: The purpose of the forecast should be
Q11: The shorter the forecast period, the more
Q13: Forecasts based on an average tend to
Q14: Trend-adjusted exponential smoothing uses double smoothing to
Q15: Forecasts help managers both to plan the
Q16: Exponential smoothing adds a percentage (called alpha)of
Q17: The naive approach to forecasting requires a
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