Disadvantages of Naive Forecasts Include

question 170

Multiple Choice

Disadvantages of naive forecasts include:

• A)time-consuming to prepare
• B)it is expensive to use
• C)the technique is difficult to understand
• D)inability to provide highly accurate forecasts
• E)time to develop a forecast is lengthy

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Definitions:

Sampling Bias

A statistical bias that occurs when a sample is not representative of the population from which it's drawn, affecting the validity of results.

In-depth Interviews

A qualitative research technique involving detailed, open-ended conversations with individuals to explore their perspectives.

Leading Questions

Leading questions are those structured in a way that suggests a particular answer, often used in conversations or surveys to elicit specific responses.

Solicited Proposals

Requests for proposals specifically invited or asked for by an organization, usually for a specified project or need.