Which of the Following Is Not a Characteristic of Naive

question 93

Multiple Choice

Which of the following is not a characteristic of Naive forecasting methods

• A)are quick and easy to prepare.
• B)are easy for users to understand.
• C)can serve as an accuracy standard for other techniques.
• D)able to quickly identify changes in demand.
• E)have virtually no cost.

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Definitions:

Freight

The charge paid for transport of goods by sea, air, or land, typically based on the weight and distance of the shipped items.

Cash Discount

A reduction in the price of goods or services offered to purchasers as an incentive for early payment.

Discount Date

The specified date when a payment is to be made with a discount for early settlement.

Due Date

The due date is the date by which a payment, bill, or other obligation must be paid.