For the data given below,if the time series was assumed to be stable,what would the naive forecast be for the next period? 11eab92b_c4aa_520b_99e6_515bc8f703b6
A)58
B)62
C)59.5
D)61
E)60.5 Stable series.

Question

Quizplus · Accepted Answer

The naive forecast is simply the last observed value in the time series. In this case, the last observed value is 61, so the naive forecast for the next period would be 61.

For the Data Given Below,if the Time Series Was Assumed