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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

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

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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