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For the Data Given Below, What Would the Naive Forecast  Period  Demand 158259360461\begin{array} { l l } \text { Period } & \text { Demand } \\\hline 1 & 58 \\2 & 59 \\3 & 60 \\4 & 61\end{array}

question 29

Multiple Choice

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


Definitions:

Deterrent

A factor or policy intended to discourage certain behaviors by instilling fear of the consequences.

Fractional Reserve

A banking system in which banks hold a fraction of the deposits as reserves, lending the rest to generate profit.

Reserves

Assets kept on hand by a bank or financial institution to meet emergency needs or regulatory requirements.

Transactions Demand

The demand for money for the purpose of carrying out transactions or day-to-day expenditures.

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