In naive forecast thr actual demand of previous period becomes the forecast for current period. Therefore, the forecast of period 5 is equal to the demand of period 4.
The naive forecast of period 5 is 7.091
Demand forecasting is the process of using predictive analysis of historical data to estimate and predict customers' future demand for a product or service
A B C
Period Demand Forecast
1 7.054
2 7.081 = B2
3 7.1 = B3
4 7.091 = B4
5 = B5
The result is given below :
A B C
Period Demand Forecast
1 7.054
2 7.081 7.054
3 7. 100 7.081
4 7.091 7.1
5 7.091
The naive forecast of period 5 is 7.091
To know more about demand forecasting, click on https://brainly.com/question/15124937
#SPJ4
