What is this year's forecast using the naive approach?
A) 2,000
B) 2,200
C) 2,800
D) 3,200
E) none of the choices

Name: What is this year's forecast using the naive approach? A) 2,000 B) 2,200 C) 2,800 D) 3,200 E) none of the choices
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Question

Quizplus · Accepted Answer

The naive approach involves using the most recent value as the forecast for the next period. In this case, the most recent value is 3,200, so the forecast for this year would be 3,200. Therefore, the best choice is D.

What Is This Year's Forecast Using the Naive Approach