Question 1

Trend lines are usually the last things considered when developing a forecast.

Accepted Answer

A) True 
 B)False

Question 2

Focus forecasting is the most accurate of all forecasting models.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast?

Accepted Answer

A)  Time series analysis
B)  Simple moving average
C)  Weighted moving average
D)  Delphi method
E)  Panel consensus

Question 4

A company hires you to develop a linear regression forecasting model.Based on the company's historical sales information,you determine the intercept value of the model to be 1,200.You also find the slope value is -50.If after developing the model you are given a value of X = 10,which of the following is the resulting forecast value using this model?

Accepted Answer

A)  -3,800
B)  700
C)  1,700
D)  1,040
E)  12,000

Question 5

Which of the following is the major reason that exponential smoothing has become well accepted as a forecasting technique?

Accepted Answer

A)  Accuracy
B)  Sophistication of analysis
C)  Predicts turning points
D)  Ease of use
E)  Forecasts lag data trends

Exam 15: Demand Management and Forecasting

Focus forecasting is the most accurate of all forecasting models.

Correct Answer
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Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast?

Correct Answer
verified

Correct Answer
verified

Trend lines are usually the last things considered when developing a forecast.

Correct Answer
verified

Which of the following is the major reason that exponential smoothing has become well accepted as a forecasting technique?

Correct Answer
verified

Exam 15: Demand Management and Forecasting

Focus forecasting is the most accurate of all forecasting models.

Correct AnswerverifiedShow Answer

Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Trend lines are usually the last things considered when developing a forecast.

Correct AnswerverifiedShow Answer

Which of the following is the major reason that exponential smoothing has become well accepted as a forecasting technique?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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