Question

In: Economics

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

Solutions

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.


Related Solutions

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