Refer to the following data:
$$\begin{array} { | c | c | }
\hline \text { Perind } & \text { Demand } \
\hline 1 & 58 \
\hline 2 & 59 \
\hline 3 & 60 \
\hline 4 & 61 \
\hline
\end{array}$$
What is the last-value forecast for the next period?
A) 58
B) 62
C) 60
D) 61
E) None of the answer choices is correct.

Question

Refer to the following data:
$$\begin{array} { | c | c | } 
\hline \text { Perind } & \text { Demand } \
\hline 1 & 58 \
\hline 2 & 59 \
\hline 3 & 60 \
\hline 4 & 61 \
\hline
\end{array}$$
What is the last-value forecast for the next period?
A) 58
B) 62
C) 60
D) 61
E) None of the answer choices is correct.

Quizplus · Accepted Answer

The last-value forecast for the next period uses the demand value from the most recent period as the forecast for the next period. Here, the most recent period is period 4 with a demand of 61, making 61 the last-value forecast for the next period.

Refer to the Following Data What Is the Last-Value Forecast for the Next Period? A)

Refer to the Following Data What Is the Last-Value Forecast for the Next Period?
A)