For the Data Given Below, What Would the Naive Forecast

question 93

Multiple Choice

For the data given below, what would the naive forecast be for period 5?

• A)58
• B)62
• C)59.5
• D)61
• E)cannot tell from the data given

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Definitions:

Service Contract

An agreement between a customer and a service provider detailing the terms of service delivery, including scope, quality, and responsibilities.

Adjusting Journal Entry

A financial transaction recorded at the closure of an accounting cycle to properly assign earnings and expenses to the corresponding period.

Performed

Carried out or executed a task or function.

Prepaid

Refers to expenses that have been paid in advance of their due date and are recorded as assets until they are actually incurred.