ISDS Ch. 4 Hmwrk - Not Graded
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.