in which forecasting model the most recent time data is used for making forecast
a) Naive forecast
b) exponential smoothing
c) moving average
d) semi average
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Answer:
Naive forecast a part
Explanation:
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The answer is a) naive forecasting.
- Naive forecasting refers to the technique of weather forecasting, where the data of the last forecast is used to determine the current forecast.
- The last forecast data is not adjusted or changed. It is used as it is for aiding in the present forecast.
- Moving average and semi-average refers to the different calculation methods of the data trend in the weather forecast.
- The exponential smoothing technique takes into concern a fraction of the error of the previous forecast.
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