https//Haulkener e/launch jspicourse assessment id 43474 1& coursed Take Test S3

Question

https//Haulkener e/launch jspicourse assessment id 43474 1& coursed Take Test S3: E3-20182M-x File Edit View Favorites Tools Help QUESTION 16 Question Completion status Given is a historical time senes tor yoo services demand im the prior o montis. Month Demand 736 701 812 735 785 736 4 Use the table below to answer all questions: Month Demand Forecast 736 701 812 735 785 736 F1 F2 F3 F4 F5 4 F7 a) The F3 by using Naïve forecasting method 701 b) The F7 by using Naïve forecasting method760.50

Explanation / Answer

16. In naive forecasting, the actual demand of previous month is put as the forecast of the next month.

Hence, F3 forecast for month 3 will be equal to actual demand of month 2 = 701

F7 forecast for month 7 will be equal to actual demand of month 6 = 736

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