Using a Naive Forecasting Method,the Forecast for Next Week's Sales

question 29

Multiple Choice

Using a naive forecasting method,the forecast for next week's sales volume equals

• A)the most recent week's sales volume.
• B)the most recent week's forecast.
• C)the average of the last four weeks' sales volumes.
• D)next week's production volume.

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Definitions:

Net Liability

Net liability refers to the total liabilities of an entity minus its assets, indicating a financial position where obligations exceed resources.

Accrued Interest

Interest that has been incurred but not yet paid.

Premium

An amount paid in excess of the normal or nominal value, often relating to the additional cost over the face value of securities or insurance charges beyond standard rates.