Marked out of 1.00 What is the naive approach? a. A simple forecasting technique that assumes that demand in the next period will be equal to demand in the most recent period. b. A data pattern that repeats itself after days, weeks, months or quarters. c. A number of historical actual data values to generate a forecast. d. A problem with both the MAD and the MSE is that their values depend on the magnitude of the item being forecast