Question
Demand for a product and the forecasting department's forecast for a product are shown below. What forecasting method was utilized? Period Actual Demand Forecasted Demand
Demand for a product and the forecasting department's forecast for a product are shown below. What forecasting method was utilized?
| Period | Actual Demand | Forecasted Demand |
| 1 | 12 | --- |
| 2 | 15 | 12 |
| 3 | 14 | 15 |
| 4 | 18 | 14 |
Group of answer choices
moving average
naive method
exponential smoothing
not enough information is provided to answer the question
Please show work..with explanation
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Economics
Authors: David Colander
7th Edition
0073402869, 9780073402864
