[See Steps] Forecasts are referred to as naive if they are based only on past values of the variable. are short-term forecasts. are long-term forecasts.
Question: Forecasts are referred to as naive if they
- are based only on past values of the variable.
- are short-term forecasts.
- are long-term forecasts.
- generally result in incorrect forecasts.
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Deliverable: Word Document
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