Asked by
Lyndsay Wilson
on Oct 31, 2024Verified
Which time-series model below assumes that demand in the next period will be equal to the most recent period's demand?
A) naive approach
B) moving average approach
C) weighted moving average approach
D) exponential smoothing approach
E) random approach
Naive Approach
A forecasting technique that assumes that demand in the next period is equal to demand in the most recent period.
Time-series Model
A statistical model that analyzes a sequence of data points, typically measured at successive time intervals, to forecast future trends.
- Digest the elements and deployment of time-series analysis within forecasting domains.
Verified Answer
TM
Learning Objectives
- Digest the elements and deployment of time-series analysis within forecasting domains.
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