Quantitative forecasting that projects past data without explaining the reasons for future trends is called
A)scientific forecasting.
B)dumb forecasting.
C)empirical forecasting.
D)naïve forecasting.

Question

Quizplus · Accepted Answer

Naïve forecasting is a quantitative method that simply projects past data into the future without taking into account any explanatory factors or reasons for future trends. It is also sometimes called the "no-change" or "last-value" forecast.

Quantitative Forecasting That Projects Past Data Without Explaining the Reasons