A forecast where the current period's demand is used as the next period's forecast is known as a
A)moving average forecast.
B)naïve forecast.
C)weighted moving average forecast.
D)Delphi method.

Question

Quizplus · Accepted Answer

A naïve forecast simply uses the current period’s demand as the forecast for the next period, without considering any other factors or trends. This method is useful when there is no significant pattern in the time series data.

A Forecast Where the Current Period's Demand Is Used as the Next