A TIME SERIES Forecasting Model in Which the Forecast for the Next

question 132

Multiple Choice

A TIME SERIES forecasting model in which the forecast for the next period is the actual value for the current period is the

• A)Delphi model.
• B)Holt's model.
• C)naïve model.
• D)exponential smoothing model.

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Definitions:

Simultaneous Move Game

A type of game theory scenario where all participants choose their actions without knowledge of the others' decisions at the same time.

Nash Equilibrium

A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged.

High Price

A cost that is considered to be at the upper end of the price range for a product or service.

Low Price

An amount charged for a product or service that is relatively lower than the average or general market level, often aimed at attracting customers or gaining market share.