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Disadvantages of Naive Forecasts Include

question 47

Multiple Choice

Disadvantages of naive forecasts include:
I.time-consuming to prepare
II.the techniques are complex therefore difficult to understand
III.do not smooth random variations


Definitions:

Landscaping Supplies

Various materials and tools used for garden and landscape design, maintenance, and construction.

Statement of Cash Flows

A report detailing how fluctuations in balance sheet items and income impact cash and cash equivalents.

Income Statement

A financial statement showing a company's revenue, expenses, and profits over a specific period.

Balance Sheet

A financial statement that showcases a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of the company's financial condition.

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