For the data given below, what would the naive forecast be for period 5? $$\begin{array} { | c | c | }
\hline \text { Period } & \text { Value } \
\hline 1 & 58 \
\hline 2 & 59 \
\hline 3 & 60 \
\hline 4 & 61 \
\hline
\end{array}$$
A) 58
B) 62
C) 59.5
D) 61
E) cannot tell from the data given

Question

For the data given below, what would the naive forecast be for period 5? $$\begin{array} { | c | c | } 
\hline \text { Period } & \text { Value } \
\hline 1 & 58 \
\hline 2 & 59 \
\hline 3 & 60 \
\hline 4 & 61 \
\hline
\end{array}$$
A) 58
B) 62
C) 59.5
D) 61
E) cannot tell from the data given

Quizplus · Accepted Answer

The naive forecast simply involves predicting that the next value will be the same as the previous value. Therefore, the naive forecast for Period 5 would be the value in Period 4, which is 61.

For the Data Given Below, What Would the Naive Forecast