ISDS Ch. 4 Hmwrk - Not Graded

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A. a demand forecast.

A forecast that projects a​ company's sales is A. a demand forecast. B. a technological forecast. C. an environmental forecast. D. an economic forecast.

C. is a measurement of how well a forecast is predicting actual values.

A tracking signal A. that is negative indicates that demand is greater than the forecast. B. cannot be used with exponential smoothing. C. is a measurement of how well a forecast is predicting actual values. D. is computed as the mean absolute deviation​ (MAD) divided by the running sum of the forecast errors​ (RSFE).

A. ​collaborative, planning,​ forecasting, and replenishment.

CPFR is A. ​collaborative, planning,​ forecasting, and replenishment. B. ​collaborative, partner,​ forecasting, and replenishment. C. ​complete, partner,​ forecasting, and replenishment. D. ​complete, planning,​ forecasting, and replenishment.

C. short range.

The forecasting time horizon that would typically be easiest to predict for would be the A. medium range. B. intermediate range. C. short range. D. long range.

C. seasonality

What is a data pattern that repeats itself after a period of​ days, weeks,​ months, or​ quarters? A. random variation B. trend C. seasonality D. cycle

B. multiple regression

Which forecasting method considers several variables that are related to the variable being​ predicted? A. exponential smoothing B. multiple regression C. weighted moving average D. simple regression

C. sales force composite

Which forecasting model is based upon​ salespersons' estimates of expected​ sales? A. market survey B. jury of executive opinion C. sales force composite D. Delphi method

D. Select the forecasting​ model(s).

Which of the following forecasting steps comes directly after determining the time horizon of the​ forecast? A. Select the items to be forecasted. B. Gather the data. C. Make the forecast. D. Select the forecasting​ model(s).

A. exponential smoothing

Which of the following is a quantitative forecasting​ method? A. exponential smoothing B. sales force composite C. jury of executive opinion D. market survey

A. Determine the use of the forecast.

Which of the following is the FIRST step in a forecasting​ system? A. Determine the use of the forecast. B. Determine the time horizon of the forecast. C. Select the items to be forecasted. D. Select the forecast​ model(s).

C. When excess capacity​ exists, cost can decrease.

Which of the following statements is NOT​ true? A. When capacity is​ inadequate, customers can be lost. B. When excess capacity​ exists, cost can increase. C. When excess capacity​ exists, cost can decrease. D. When capacity is​ inadequate, market share can shrink.

A. Detailed forecasts of demand are not needed.

Which one of the following statements is NOT true about the forecasting in the service​ sector? A. Detailed forecasts of demand are not needed. B. Demand patterns are often different from those in​ non-service sectors. C. Hourly demand forecasts may be necessary. D. Forecasting in the service sector presents some unusual challenges.


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