Question: Which forecasting method assumes that next periods forecast is equal to current periods actual value?a ) Simple meanb ) Ignorantc ) Basicd ) Naivee )

Which forecasting method assumes that next periods forecast is equal to current periods actual value?a) Simple meanb) Ignorantc) Basicd) Naivee) Innocent

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!

Q:

d 1. What are purchased items or extracted materials that will be transformed into components or products called? @ Work-in-process inventory b. Finished goods inventory c. Raw materials inventory d....

Q:

Current Attempt in Progress Which forecasting method assumes that next period's forecast is equal to this period's actual value? Na ve Nescient Simple mean Basic Ignorant

Q:

Which forecasting method assumes that next period's forecast is equal to this period's actual value? Ignorant Naiive Simple mean Basic Nescient

Q:

Which forecasting method assumes that next period's forecast is equal to this period's actual value? Nescient Ignorant Na ve Basic Simple mean

Q:

Which forecasting method assumes that next period's forecast is equal to this period's actual value? Ignorant Naiive Simple mean Basic Nescient

Q:

Which forecasting method assumes that next period's forecast is equal to this period's actual value? Ignorant Naiive Simple mean Basic Nescient

Q:

This forecasting method assumes that the next period's forecast is equal to the current period's actual value. Select one: O Weighted Average O Simple average O Naive Method O Exponential Smoothing

Q:

Spend analysis Stock-keeping unit (SKU) 10 Three-way match Utilization ty Images; @ monsity/ Getty Images Vendor master health care? iency? CHAPTER 17 applied, and what are the steps to fol-...

Q:

The three major types of forecasts used by organizations in planning future operations are: A) strategic, tactical, and operational. B) economic, technological, and demand. C) exponential smoothing,...

Q:

TANGLEWOOD CASEBOOK for use with STAFFING ORGANIZATIONS th 8 Ed. Kammeyer-Mueller 1 TANGLEWOOD CASEBOOK To accompany Staffing Organizations, eighth edition, 2015. Prepared by John Kammeyer-Mueller...

Q:

Ackerman Industries manufacturing costs for the first three months of the year are as follows: total costs Units produced January $1,900,000 20,000 units February 2,250,000 27,000 March 2,400,000...

Q:

Get XCEL Energys two most recent 10-Ks from the SEC*: the 2021 10-K filed on 2/23/22 and the 2020 10-K filed on 2/17/21. Get the 2021 and 2020 balance sheet information from the 2021 10-K. Get the...

Q:

3. Future Value and Multiple Cash Flows (LO1) Dundonald Inc. has identified an investment project with the following cash flows. If the discount rate is 8 percent, what is the future value of these...

Q:

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals Mar. 16...