Cryptocurrency Q&A
What would the naive forecast be?
What would the naive forecast be?
AzurePulseStar
Wed Nov 20 2024
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6
answers
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I'm trying to figure out a simple or basic forecast, probably based on past data or trends. I'm looking for the most straightforward prediction or estimate.
6 answers
Raffaele
Thu Nov 21 2024
The method eschews any complex predictions or adjustments based on additional factors.
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SsamziegangSerenadeMelodyHarmony
Thu Nov 21 2024
Naïve forecasting stands as a fundamental approach in demand forecasting.
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CryptoGuru
Thu Nov 21 2024
This method is frequently adopted by sales and finance departments due to its straightforward nature.
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Valentina
Thu Nov 21 2024
Despite its simplicity, naïve forecasting can prove highly effective in certain business scenarios.
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GwanghwamunPride
Thu Nov 21 2024
It operates on the principle of utilizing the actual sales data from the preceding period.
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