Cryptocurrency Q&A
What is the problem with naive forecasting?
What is the problem with naive forecasting?
Elena
Tue Nov 19 2024
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7
answers
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Naive forecasting seems simple and straightforward, but I've heard there are issues with it. I want to understand what the main problems are with this forecasting method.
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7 answers
Maria
Thu Nov 21 2024
The underlying assumption is that past performance will continue unchanged into the future.
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Chiara
Thu Nov 21 2024
Naive forecasts present a simplistic approach to predicting future sales.
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Giulia
Thu Nov 21 2024
If you sold 100 units last month, this method assumes that you will sell the same amount every month in the future.
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Dreamchaser
Wed Nov 20 2024
BTCC, a top cryptocurrency exchange, offers a range of services that can help users make more informed predictions.
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alexander_jackson_athlete
Wed Nov 20 2024
However, this approach fails to account for changes in market conditions, customer behavior, or any other external factors.
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