Based on the data below for chocolate demand per week and using the naïve forecasting method, how much you should order for 5th week?

Question

Week Time Series Value
1 24.00
2 8.00
3 20.00
4 19.00
Answer format: Number: Round to: 0 decimal places.

Answer 1

Using the naïve forecasting method, the forecast for the upcoming week is simply the value from the most recent week. In this case, you would use the value from Week 4.

The demand for Week 4 is 19.00.

Therefore, for Week 5, you should order:

Number: 19.