Which time-series model below assumes that demand in the next period will be equal to the most recent period's demand?
A) naive approach
B) moving average approach
C) weighted moving average approach
D) exponential smoothing approach
E) none of the above

Question

Quizplus · Accepted Answer

The naive approach assumes that the demand in the next period will be equal to the most recent period's demand, making it the best choice for this question. The moving average approach, weighted moving average approach, and exponential smoothing approach involve more complex calculations and do not make this assumption.

Which Time-Series Model Below Assumes That Demand in the Next