Question: A nave method is the simplest forecasting technique; with a stable series, _______ becomes the forecast for the next period. Select one: a. the future

A nave method is the simplest forecasting technique; with a stable series, _______ becomes the forecast for the next period.

Select one:

a. the future data point

b. the average plus the last data point

c. the average

d. the future forecast value

e. the last data point

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!