Suppose that you are using the naïve forecasting method with trend to forecast sales. Sales have been increasing by 10% per week. Two weeks ago, sales amounted to $100. What should your forecast be for this week?
A) $100
B) $ 10
C) $110
D) $121
E) $120

Question

Quizplus · Accepted Answer

11ea8e10_ac23_a741_8f12_eb9c56fa5b34_TB5472_11 Week 1 = 100 + (100 x .10 = 10)
Week 2 = 110 + (110 x .10 = 11)
Week 3 = 121

Suppose That You Are Using the Naïve Forecasting Method with Trend