Question 1

Which of the following forecasting methodologies is considered a causal forecasting technique?

Accepted Answer

A)  Exponential smoothing
B)  Weighted moving average
C)  Linear regression
D)  Historical analogy
E)  Market research

Question 2

In most cases,demand for products or services can be broken down into several components.Which of the following is not considered a component of demand?

Accepted Answer

A)  Average demand for a period
B)  A trend
C)  Seasonal elements
D)  Past data
E)  Autocorrelation

Question 3

Which of the following forecasting methods can be used for short-term forecasting?

Accepted Answer

A)  Simple exponential smoothing
B)  Delphi technique
C)  Market research
D)  Hoskins-Hamilton smoothing
E)  Serial regression

Question 4

company has actual unit demand for four consecutive years of 100,105,135,and 150.The respective forecasts were 120 for all four years.Which of the following is the resulting MAD value that can be computed from this data?

Accepted Answer

A)  2.5
B)  10
C)  20
D)  22.5
E)  30

Question 5

In business forecasting,what is usually considered a medium-term time period?

Accepted Answer

A)  Six weeks to one year
B)  Three months to two years
C)  One to five years
D)  One to six months
E)  Six months to six years

Question 6

restriction in using linear regression is that it assumes that past data and future projections fall on or near a straight line.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following forecasting methodologies is considered a time series forecasting technique?

Accepted Answer

A)  Simple moving average
B)  Market research
C)  Leading indicators
D)  Historical analogy
E)  Simulation

Question 8

If the intercept value of a linear regression model is 40,the slope value is 40,and the value of X is 40,which of the following is the resulting forecast value using this model?

Accepted Answer

A)  120
B)  1,600
C)  1,640
D)  2,200
E)  64,000

Question 9

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 10

The value of the smoothing constant alpha in an exponential smoothing model is between 0 and 1.

Accepted Answer

A) True 
 B)False

Exam 3: Forecasting

If the intercept value of a linear regression model is 40,the slope value is 40,and the value of X is 40,which of the following is the resulting forecast value using this model?

Correct Answer
verified

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

Which of the following forecasting methods can be used for short-term forecasting?

Correct Answer
verified

In business forecasting,what is usually considered a medium-term time period?

Correct Answer
verified

restriction in using linear regression is that it assumes that past data and future projections fall on or near a straight line.

Correct Answer
verified

company has actual unit demand for four consecutive years of 100,105,135,and 150.The respective forecasts were 120 for all four years.Which of the following is the resulting MAD value that can be computed from this data?

Correct Answer
verified

Which of the following forecasting methodologies is considered a causal forecasting technique?

Correct Answer
verified

The value of the smoothing constant alpha in an exponential smoothing model is between 0 and 1.

Correct Answer
verified

In most cases,demand for products or services can be broken down into several components.Which of the following is not considered a component of demand?

Correct Answer
verified

Which of the following forecasting methodologies is considered a time series forecasting technique?

Correct Answer
verified

Exam 3: Forecasting

If the intercept value of a linear regression model is 40,the slope value is 40,and the value of X is 40,which of the following is the resulting forecast value using this model?

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

Which of the following forecasting methods can be used for short-term forecasting?

Correct AnswerverifiedShow Answer

In business forecasting,what is usually considered a medium-term time period?

Correct AnswerverifiedShow Answer

restriction in using linear regression is that it assumes that past data and future projections fall on or near a straight line.

Correct AnswerverifiedShow Answer

company has actual unit demand for four consecutive years of 100,105,135,and 150.The respective forecasts were 120 for all four years.Which of the following is the resulting MAD value that can be computed from this data?

Correct AnswerverifiedShow Answer

Which of the following forecasting methodologies is considered a causal forecasting technique?

Correct AnswerverifiedShow Answer

The value of the smoothing constant alpha in an exponential smoothing model is between 0 and 1.

Correct AnswerverifiedShow Answer

In most cases,demand for products or services can be broken down into several components.Which of the following is not considered a component of demand?

Correct AnswerverifiedShow Answer

Which of the following forecasting methodologies is considered a time series forecasting technique?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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