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Dell uses the CR5 chip in some of its laptop computers. The prices for the chip during the past 6 months were as follows:

Month Price per Chip
1 1.78
2 1.67
3 1.70
4 1.75
5 1.70
6 1.67

Use naïve forecast to forecast the price per chip from month 2 to month 6

Respuesta :

Answer:

Naive forecast from second to sixth month is given as below:

Explanation:

Month Price per chip Forecast (naïve)  

2nd month:

Price per chip=1.67

Forecast (naïve)=  1.78

3rd month:

Price per chip=1.70

Forecast (naïve)  =1.67

4th month:

Price per chip=1.75

Forecast (naïve)  =1.70

5th month:

Price per chip=1.70

Forecast (naïve)=  1.75

6th month:

Price per chip=1.67

Forecast (naïve)=  1.70

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