Naïve forecasting is based on: judgement of individuals or groups attempting to establish a causal relationship...

Naïve forecasting is based on:

		judgement of individuals or groups
		attempting to establish a causal relationship between the dependent and set of independent variables
		bringing experts to make a forecast
		project past data into future without explaining future trends

Expert Solution

Naive forecasting is an estimation technique where past data is used as current period's forescast without adjusting any trend.

Answer-last option.

Rahul Sunny answered 3 years ago

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Naïve forecasting is based on: judgement of individuals or groups attempting to establish a causal relationship...

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Explain the value of pattern and parsimony in attempting to establish causal links in correlational findings

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