The Naïve Forecasting Method Assumes That Next Period's Actual Value

question 123

True/False

The naïve forecasting method assumes that next period's actual value will be equal to this period's actual value.

---

Definitions:

Psychographic Data

Information that describes the attitudes, aspirations, and other psychological criteria of a particular demographic.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and influence their behaviors and attitudes.

Attitudes

A settled way of thinking or feeling about something, often reflected in a person's behavior.

Lifestyle

The preferences, viewpoints, actions, and orientations towards behavior of a person, group, or culture.