Over the long term, which of the following forecasting models will likely require carrying the least amount of data?
A) Naïve
B) Simple mean
C) Exponential smoothing
D) Weighted moving average
E) Moving average

Question

Quizplus · Accepted Answer

The naïve forecasting model only requires the most recent data point to make a forecast. Therefore, it requires carrying the least amount of data over the long term compared to the other models.

Over the Long Term, Which of the Following Forecasting Models