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 naÃ¯ve forecast to forecast the price per chip from month 2 to month 6

Question

Sanaa Stephenson

Business

25 May, 08:59

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 naÃ¯ve forecast to forecast the price per chip from month 2 to month 6

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Answers (1)

Know the Answer?

Hodges · Answer 1

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

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 Chip1 1.782 1.673 1.704 1.755 1.706 1.67Use naÃ¯ve forecast to forecast the price per chip from month 2 to month 6

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 naÃ¯ve forecast to forecast the price per chip from month 2 to month 6