A TIME SERIES forecasting model in which the forecast for the next period is the actual value for the current period is the
A)Delphi model.
B)Holt's model.
C)naïve model.
D)exponential smoothing model.
E)weighted moving average.

Question

Quizplus · Accepted Answer

The naïve model assumes that the best forecast for the next period is the actual value for the current period. This is a simple and easy-to-use forecasting method that works well for stable time series with no trend or seasonality. It serves as a benchmark for other more sophisticated forecasting models. Therefore, the best choice is C.

A TIME SERIES Forecasting Model in Which the Forecast for the Next