Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

The following data represents number of customers arriving at Quick Lube for an oil change between 9 and 11 AM over the past 6 days.

Day 1 2 3 4 5 6
Customers 34 33 35 36 36 37

Required:
Using the Naive Method, how many customers would you forecast for Day 7?

Sagot :

ogorwyne

Answer:

37

Explanation:

The naïve technique of forecasting is a simple forecasting technique that is used among time series data. in this type of forecasting, we use the actual figure in the last period to make a forecast for the next period that follows it.

In this question, the last day is day 6, and the number of customer on this day is 37. With the explanation in the paragraph above, the forecast for day 7 is still going to be 37 customers, given that day 7 follows day 6, which was the last period.

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.