The Simplest Forecasting Method Is to Forecast the Immediate Future

question 22

True/False

The simplest forecasting method is to forecast the immediate future as a replica of the past and present.

---

Definitions:

Fortifying

The act of strengthening or reinforcing something to make it more secure or robust.

Trading Off

The act of giving up one benefit in order to gain another, often seen as a compromise.

Rationale

The underlying reasons or logical basis for a belief, action, or method.