Suppose That You Are Using the Naïve Forecasting Method with Trend

question 41

Multiple Choice

Suppose that you are using the naïve forecasting method with trend to forecast sales. Sales have been increasing by 10% per week. Two weeks ago, sales amounted to $100. What should your forecast be for this week?

• A) $100
• B) $ 10
• C) $110
• D) $121
• E) $120

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Definitions:

Contingency Models

Theoretical frameworks suggesting that the effectiveness of leadership depends on the context or situation at hand.

Leadership Models

Theoretical frameworks that describe, explain, and prescribe how leaders can effectively guide and influence others.

Traits Model

A personality framework that identifies a set of qualities or characteristics that are considered to be inherent in individuals and influence their behavior and interactions.

Leadership Effectiveness

The degree to which a leader successfully influences followers to achieve the goals of an organization or team.