If the forecast and the actual demand in the year 2021 was 600 and 700 respectively, what is the forecast for the year 2022 according to the naive forecasting method? 600 700 650 800

Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
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If the forecast and the actual demand in the year 2021 was 600 and 700 respectively, what is the forecast for the year 2022 according to the naive
forecasting method?
600
700
650
800
Transcribed Image Text:If the forecast and the actual demand in the year 2021 was 600 and 700 respectively, what is the forecast for the year 2022 according to the naive forecasting method? 600 700 650 800
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