Regression method and naive approach
Will you please review my answers to these 2 multiple choice questions and let me know if you agree with these answers or have a different thought. Thanks!
Which of the following statements is correct about the Regression method?
a) R2 ranges from -1 to +1
b) You can understand the cause-effect relationship using this method
c) This is a qualitative forecasting method
d) Only the latest five data points are used to derive the equation
Naïve Approach always performs worse than the other types of moving average methods. True or False