A Forecast Based on the Previous Forecast Plus a Percentage

question 142

Multiple Choice

A forecast based on the previous forecast plus a percentage of the forecast error is a(n)

• A) qualitative forecast
• B) naive forecast
• C) moving average forecast
• D) weighted moving average forecast
• E) exponentially smoothed forecast

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Definitions:

Promising Option

A choice or decision that shows potential to yield beneficial results based on preliminary evidence or analysis.

Dominant Option

A choice or alternative considered superior or more advantageous compared to others in a decision-making scenario.

Power Differential

The disparity in influence or authority between individuals or groups, affecting interactions and outcomes.

Illusion of Control

The tendency for individuals to overestimate their ability to control events or outcomes.