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:

Oligochaete

A subclass of annelid worms, characterized by having few chaetae (bristles) per segment, such as earthworms.

Hydrostatic Skeleton

A structure in many soft-bodied animals that provides support and movement through the pressure of fluid within the body cavity.

Earthworms

Terrestrial invertebrates that belong to the class Oligochaeta, which are known for their role in soil aeration and composting through their digestive process.

Polychaete

A class of annelid worms characterized by segmented bodies and numerous bristles, commonly found in marine environments.