Which of the following is not a characteristic of Naive forecasting methods
A)are quick and easy to prepare.
B)are easy for users to understand.
C)can serve as an accuracy standard for other techniques.
D)able to quickly identify changes in demand.
E)have virtually no cost.

Question

Quizplus · Accepted Answer

Naive forecasting methods are typically simple and rely on historical data to predict future demand. They are quick and easy to prepare, easy for users to understand, and have virtually no cost. They can also serve as an accuracy standard for other techniques. However, they may not be able to quickly identify changes in demand, as they assume that future demand will be the same as past demand. Therefore, option D is not a characteristic of Naive forecasting methods.

Which of the Following Is Not a Characteristic of Naive