Naive Approach Notes: Definitions & Explanations PDF | Download eBooks
Study Naive Approach lecture notes PDF with supply chain management definitions and explanation to study What is Naive Approach?. Study naive approach explanation with SCM terms to review supply chain management course for online MBA programs.
Naive Approach Definition:
A forecasting technique that assumes that demand in the next period is equal to demand in the most recent period.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Naive Approach Notes:
Organizations use different techniques to forecast and one of them is naive approach. In this approach firms use previous data from period's actual to forecast the future upcoming period by making no adjustments. This approach is used only for the time series data in which the firm can assume the future financial period is equal to the past one.
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