Use The Naïve Forecasting Method And The Marginal Propensity To Consume (calculated In Question 6) To Calculate Forecasts Using The Steps Below: Label Column E, “Forecast”.Type The Formula “=0.06*C2” In Cell E4 – In Other Words, The Forecast For Sales Is Equal To The Value Of The Leading Indicator (Income) Two Periods Ago, Scaled By 0.06 (the Marginal Propensity To Consume) Because In Question 6 We Calculated That Consumers Spend Approximately 6% (0.06) Of Their Income On Our Product.What Is The Value Of E4 Rounded To 2 Decimal Places? » Re⥃askly

# Use the Naïve forecasting method and the Marginal Propensity to Consume (calculated in Question 6) to calculate Forecasts using the steps below: Label Column E, “Forecast”. Type the formula “=0.06*C2” in Cell E4 – in other words, the forecast for Sales is equal to the value of the leading indicator (Income) two periods ago, scaled by 0.06 (the Marginal Propensity to Consume) because in Question 6 we calculated that consumers spend approximately 6% (0.06) of their income on our product. What is the value of E4 rounded to 2 decimal places?

## Home » Use the Naïve forecasting method and the Marginal Propensity to Consume (calculated in Question 6) to calculate Forecasts using the steps below: Label Column E, “Forecast”.Type the formula “=0.06*C2” in Cell E4 – in other words, the forecast for Sales is equal to the value of the leading indicator (Income) two periods ago, scaled by 0.06 (the Marginal Propensity to Consume) because in Question 6 we calculated that consumers spend approximately 6% (0.06) of their income on our product.What is the value of E4 rounded to 2 decimal places?

Practice More Questions From: Week 1 Assessment

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