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

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

Quizplus · Accepted Answer

The naive approach is a forecasting technique that uses the previous period's actual value as the forecast for the current period. In this case, the previous period's actual value is 3,000. Therefore, the forecast for this year using the naive approach is 3,000.

What Is This Year's Forecast Using the Naive Approach