Which forecasting method assumes that next period's forecast is equal to this period's actual value?
A) Simple mean
B) Ignorant
C) Basic
D) Naïve
E) Nescient

Name: Which forecasting method assumes that next period's forecast is equal to this period's actual value? A) Simple mean B) Ignorant C) Basic D) Naïve E) Nescient
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Question

Quizplus · Accepted Answer

The Naïve forecasting method assumes that next period's forecast is equal to this period's actual value. It is a very simple and common method for time series forecasting.

Which Forecasting Method Assumes That Next Period's Forecast Is Equal