Which Forecasting Method Assumes That Next Period's Forecast Is Equal

question 11

Multiple Choice

Which forecasting method assumes that next period's forecast is equal to this period's actual value?

• A) Simple mean
• B) Ignorant
• C) Basic
• D) Naïve
• E) Nescient

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Definitions:

Individual's Health

The state of physical, mental, and social well-being specific to a person.

Complex Relationship

A connection or interaction between variables that is multifaceted, intricate, and not easily described by a simple cause and effect.

Literacy Level

The ability of an individual to read, write, and understand information; often assessed in various degrees from basic to advanced proficiency.