I'm wondering if naive forecasting is actually effective. I've heard about it in the context of time series analysis, where it simply assumes that the next value in a series will be the same as the previous one. But is it really a reliable method?
6 answers
SeoulSerenitySeeker
Sat Nov 23 2024
Seasonal naïve forecasting may not provide perfect accuracy.
GalaxyGlider
Sat Nov 23 2024
One of the key advantages of seasonal naïve forecasting is its ability to help businesses anticipate changes in demand.
GangnamGlamourQueen
Fri Nov 22 2024
Despite its simplicity, seasonal naïve forecasting is not always the most accurate prediction method.
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Fri Nov 22 2024
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