Based on a naive forcast, find a value for the period 7, F7. Period Actual 1...

Question

Question

Based on a naive forcast, find a value for the period 7, F7.

Period Actual

1 1976

2 2045

3 2104

4 2222

5 2324

6 2361

Round to nearest whole number

business Operations-Management

Answer 1

Answer #1

Answer: 2361

Naive forecast for period 7 = Actual for period 7-1

Naive forecast for period 7 = Actual for period 6

Naive forecast for period 7 = 2361

Answer 2

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