1) Forecasts based solely on the most recent observations of the variable if interest
A-are called naive forecasts
B-are the simplest of all quantitative forecasting methods
C-leads to loss of one data point in the forecast series relative to the origional series
D-are consistent with the random walk hypothesis in fiannce
E-all of the above
2) Which of the followingmeasures is a poor indicator of forecast accuracy but useful in determining the direction bias in forecasting model?
A-mean absolute percentage error
B-mean percentage error
C-mean squared error
D-root mean squared error
E-none of the above