Question 1

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

Question 2

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 3

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

Question 4

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

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 
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

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

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

Question 8

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

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

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?

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

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?

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

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

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

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

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?

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

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?

Operations and Supply Chain Management

Strategy and Sustainability

Strategic Capacity Management

PART-A: Learning Curves

Projects Manufacturing and Service Processes

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics and Distribution

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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?

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

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?

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

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

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

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

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?

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

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?

Operations and Supply Chain Management

Strategy and Sustainability

Strategic Capacity Management

PART-A: Learning Curves

Projects Manufacturing and Service Processes

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics and Distribution

Filters