A Forecast Based on the Previous Forecast Plus a Percentage

question 142

Multiple Choice

A forecast based on the previous forecast plus a percentage of the forecast error is a(n)

• A) qualitative forecast
• B) naive forecast
• C) moving average forecast
• D) weighted moving average forecast
• E) exponentially smoothed forecast

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Definitions:

Diverse Strands

Various or different lines of thought, philosophy, or approaches within a broader concept.

Unique Outcome

Moments or experiences in a person's life that defy their usual story or problem-saturated narratives, used in narrative therapy.

Native American

Indigenous peoples of the United States, including both American Indian tribes and Alaska Natives, with distinct cultures, histories, and identities.

Medicine Man

In many indigenous cultures, a medicine man is a traditional healer and spiritual leader known to use herbal remedies, rituals, and spiritual guidance to treat members of the community.