When using quarterly data to forecast domestic car sales, how can the simple nai

Question

When using quarterly data to forecast domestic car sales, how can the simple naive forecasting model be amended to model seasonal behavior of new car sales, i.e., patterns of sales that arise at the same time every year?

Forecast next period's sales based on this period's sales.

Forecast next period's sales based on last period's sales.

Forecast next period’s sales based on the average sales over the current and last three quarters.

Forecast next period's sales based on sales four quarters ago.

None of the above.

Forecast next period's sales based on this period's sales.

Forecast next period's sales based on last period's sales.

Forecast next period’s sales based on the average sales over the current and last three quarters.

Forecast next period's sales based on sales four quarters ago.

None of the above.

Explanation / Answer

Forecast next period's sales based on last period's sales. is the correct answer. so option B is right

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.