A naive forecast is a time-series method whereby the forecast for the next period equals the demand for the current period.

Name: A naive forecast is a time-series method whereby the forecast for the next period equals the demand for the current period.
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

A naive forecast assumes that the demand for the next period will be the same as the demand for the current period. It is the simplest method of forecasting and does not take any other factors or trends into account.

A Naive Forecast Is a Time-Series Method Whereby the Forecast