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For the Data Given Below, What Would the Naive Forecast

question 18

Multiple Choice

For the data given below, what would the naive forecast be for period 5?  Period  Value 158259360461\begin{array} { | c | c | } \hline \text { Period } & \text { Value } \\\hline 1 & 58 \\\hline 2 & 59 \\\hline 3 & 60 \\\hline 4 & 61 \\\hline\end{array}


Definitions:

Truth in Lending Act

A United States federal law designed to promote the informed use of consumer credit, requiring disclosures about its terms and cost.

Closed-end Credit

A type of loan where a borrower receives a fixed amount of money to be repaid with interest by a specified date or in installments.

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