What is this month's forecast using the naive approach?
A)100
B)160
C)130
D)140
E)120

Name: What is this month's forecast using the naive approach? A)100 B)160 C)130 D)140 E)120
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Question

Quizplus · Accepted Answer

The naive approach involves predicting that the next period's value will be equal to the current period's value. In this case, the current period's value is 160, so the forecast for the next period would also be 160.

What Is This Month's Forecast Using the Naive Approach