Forecasts are referred to as naive if they
A) are based only on past values of the variable.
B) are short-term forecasts.
C) are long-term forecasts.
D) generally, result in incorrect forecasts.

Question

Quizplus · Accepted Answer

Naive forecasts are characterized by their reliance solely on historical data of the variable being forecasted, without incorporating more sophisticated modeling or analysis techniques.

Forecasts Are Referred to as Naive If They