OPM101Exam2vEKey

OPM101Exam2vEKey - Professor Blake OPM 101 Spring 2010 Name...

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Professor Blake OPM 101 Name__________________________ Spring 2010 EXAMINATION 2, Version E Use a Scantron Form No. 886-E to record your choice of the best answer to each of the following questions. You have the full period to answer the questions. The following questions are worth three (3) points each . 1. What are the two categories of quantitative models? a) Delphi and non-causal b) Causal and non-causal c) Delphi and time series d) Causal and time series e) Causal and Delphi 2. In linear regression, what are we trying to forecast? 3. What is the mean absolute deviation of the following forecasts? Month Actual Sales Forecast [error] Jan. 614 600 14 Feb. 480 480 0 Mar. 500 550 50 Apr. 500 600 100 4. The first step in forecasting is: 5. The maximum output rate that can be sustained under normal conditions is _______________________. a) utilization b) design capacity c) effective capacity d) ultimate capacity e) temporary capacity 1

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Professor Blake OPM 101 Name__________________________ Spring 2010 6. The first step in making a capacity planning decision is __________________________________.
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