When There Is Not a Lot of Currently Relevant Data

question 34

Multiple Choice

When there is not a lot of currently relevant data available it is generally best to use:

• A) Qualitative forecasting
• B) Time series forecasting
• C) Naive forecasting
• D) Simple moving average forecasting

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Definitions:

Simplify

To make an expression less complex by combining like terms and executing arithmetic operations where possible.

Fraction

A numerical quantity that represents a part of a whole, typically in the form of a numerator divided by a denominator.

Exponent

A number that indicates how many times a base is multiplied by itself.

Fraction

A mathematical expression representing the division of one quantity by another, noted by a numerator divided by a denominator.