For the data given below, what would the naive forecast (without a trend) be for period 5? Period Demand 45,581 46,955 45,794 45.817 1 2 3 4

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 4P: Consider the following time series data: Compute MSE using the most recent value as the forecast...
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For the data given below, what would the naive forecast (without a trend) be for period 5?
Period Demand
45,581
46,955
45,794
45,817
1
2
3
4
Transcribed Image Text:For the data given below, what would the naive forecast (without a trend) be for period 5? Period Demand 45,581 46,955 45,794 45,817 1 2 3 4
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