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EDU305 - Classroom Management

Question(s) similar to the following:

How would you reveal the usefulness of naive forecasts?

Question 1: How would you reveal the usefulness of naive forecasts?

Answer: Suggest Edit

Naïve forecasting makes simple assumptions about the future at its simplest, naïve forecasting assume that the future level of demand will be same as the current level.

Naive Forecasts:

  1. Simple to use
  2. Virtually no cost
  3. Quick and easy to prepare
  4. Data analysis is nonexistent
  5. Easily understandable
PAGE#36

Similar Questions:

Question 2: How would you reveal the usefulness of naive forecasts?

Answer: Suggest Edit

Naïve forecasting makes simple assumptions about the future at its simplest, naïve forecasting assume that the future level of demand will be same as the current level.

Naive Forecasts:

  1. Simple to use
  2. Virtually no cost
  3. Quick and easy to prepare
  4. Data analysis is nonexistent
  5. Easily understandable
PAGE#36
Past Papers of EDU305 - Classroom Management
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