1.Which of the forecasting methods should be used for; a.) Short-term planning and b.

) Long-
term planning?
The method that I choose for short-term planning is the Naïve Forecast because it using
the previous observation directly as the forecast without any change then, the techniques of this
is that the last periods of sale are being used for the next period's forecast without predictions or
adjusting the factors. Also, this been used for comparison with the forecast generated by the
better techniques and this been adopting the demand trends like the increase (decrease) in
demand is being observed between the last two (20 periods who used to adjust the current
demand as to arrive at the forecast. Therefore, Naïve Forecast is suited towards short-term
planning due determined what stepping stones that will help as to reach the big goal of the
business and then as to lay down the clear and define the path of success so, naïve forecast is for
short-term planning. On the other hand, the method I choose for long-term planning is the
Simple Moving Average because it is calculating the average of a range of prices by the number
of periods within the range then the technical indicator is can be aid in determining if assets price
will continue or it will reverse the bull or bear trend. Also, it is using the number of historical
actual data values as to generate the forecast that is into useful way through the assumption of
the market demands will stay fairly over time. Therefore, I choose this because there's a possibly
to generate the past data and calculate it in relation to the data that has been forecast so, the
simple moving average can become a long-term planning due to the require steps as base to the
data of the company given in that this will help it step-by-step as to get closer to the goal that
must be achieve.