The past monthly demands are shown below.The naïve method,that is,the one-period moving average method,is applied to make forecasts. If the demand in May appears to be 35,what is the residual (error)for May?
A) 35
B) 0
C) 68.75
D) 6.25

Question

The past monthly demands are shown below.The naïve method,that is,the one-period moving average method,is applied to make forecasts.  If the demand in May appears to be 35,what is the residual (error)for May?
A) 35 
B) 0 
C) 68.75 
D) 6.25

Quizplus · Accepted Answer

The Answer of The past monthly demands are shown below.The naïve method,that is,the one-period moving average method,is applied to make forecasts.  If the demand in May appears to be 35,what is the residual (error)for May?
A) 35 
B) 0 
C) 68.75 
D) 6.25

The Past Monthly Demands Are Shown Below