A forecast method that looks at the previous time period’s demand to predict next

Question: A forecast method that looks at the previous time period’s demand to predict next period’s demand (for example, last month we had demand of 50 units, so next month we forecast demand of 50 units) is known as: Select one: O a. Moving average Ob. Simple projection O c. naïve. O d. PrimitiveShow transcribed image textANSWER/EXPLANATION “NAIVE METHOD” The Naive method is a time-series model that predicts demand in the future period will be equal to demand in the previous period. Because it assumes that future demand would be identical to that of the previous…View the full answerTranscribed image text: A forecast method that looks at the previous time period’s demand to predict next period’s demand (for example, last month we had demand of 50 units, so next month we forecast demand of 50 units) is known as: Select one: O a. Moving average Ob. Simple projection O c. naïve. O d. Primitive