Naive approach - Forecasting Using Financial Statements Video Tutorial | LinkedIn Learning, formerly Lynda.com
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An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 123 9t and was developed using data from periods 1 through 10. Based on data from periods 1 through 20 as shown in the table, which of these two methods has the greater accuracy? If MAD and MSE are used, which method provides forecasts with less average error and less average squared error?Units SoldPeriods (Lin
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