a forecast based on the previous forecast plus a percentage of the forecast error is​ a(n): part 2 a. naive forecast. b. weighted moving average forecast. c. qualitative forecast. d. exponential smoothing forecast. e. moving average forecast.

Respuesta :

A forecast based on the previous forecast plus a percentage of the forecast error is​ an exponential smoothing forecast.

Forecasting is the process of making predictions based on past and current data. Later you can compare these to what is actually happening. For example, a company may estimate revenue for the next year and compare it to actual results.

For small business owners, forecasting is the process of examining historical and current data and market trends to predict the future financial performance of their business. This allows you to estimate how much revenue you are likely to generate in a given period of time, allowing you to budget for large expenses.

Forecasts are valuable to an enterprise and enable you to make informed business decisions. Financial forecasts are educated guesses and there is risk in relying on historical data and methods that may not include certain variables.

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