For products having a monthly seasonal demand pattern, naïve forecast for February 2006 will be equal to
A) forecast for January 2006
B) forecast for February 2005
C) actual for January 2006
D) actual for February 2005.
E) actual for February 2005
Correct Answer:
Verified
Q8: A forecast based on average values as
Q9: A monthly forecast based on average monthly
Q10: Techniques based on averaging include
A) naïve forecasting
B)
Q11: Naïve forecast for any period is equal
Q12: For the data
Q14: All other things remaining the same, as
Q15: As the number of periods used in
Q16: As the number of periods used in
Q17: If responsiveness to recent data is important
Q18: As the number of periods used in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents