The Naive Forecast Can Serve as a Quick and Easy

question 53

True/False

The naive forecast can serve as a quick and easy standard of comparison against which to judge the cost and accuracy of other techniques.

---

Definitions:

Deficit Spending

The practice of a government spending more money than it receives in revenue, often to stimulate economic growth.

1937−1939 Recession

A period of economic downturn in the United States which occurred within the Great Depression era, characterized by a significant decline in industrial production and employment rates.

United Mine Workers

A labor union representing coal miners in the United States, focused on improving workers' safety and wages.

AFL

The American Federation of Labor, a national federation of labor unions in the United States founded in 1886, representing workers in various industries.