Which of the Following Is the Simplest Forecasting Method

question 94

Multiple Choice

Which of the following is the simplest forecasting method?

• A) Naïve
• B) Moving average
• C) Weighted moving average
• D) Trend adjusted exponential smoothing
• E) Linear regression

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Definitions:

Managing Costs

The process of planning, monitoring, and controlling the expenses associated with business operations to maximize profitability.

Major Improvements

Significant upgrades or enhancements made to processes, systems, or assets to increase efficiency, performance, or value.

EDI

Electronic Data Interchange, a system that allows the exchange of business documents and data across different companies electronically.

B2C

Business-to-Consumer, a commercial transaction model where businesses sell products or services directly to the end-users or consumers.