SRQ2 - SRQ2 The dean of a school of business is forecasting...

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SRQ2 The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: 1. What is this year's forecast using the naive approach? A. 2,000 B. 2,200 C. 2,800 D. 3,000 E. none of the above 2. Putting forecast errors into perspective is best done using A. Exponential smoothing B. MAPE C. Linear decision rules D. MAD E. Hindsight The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historical data: 3. What is the forecast for this year using a three-year weighted moving average with weights of .5, .3, and .2? A. 163 B. 180 C. 300 D. 420 E. 510
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4. Customer service levels can be improved by better: A. mission statements B. control charting C. short term forecast accuracy D. exponential smoothing E. customer selection 5. Moving average forecasting techniques do the following: A. immediately reflect changing patterns in the data B. lead changes in the data C. smooth variations in the data D. operate independently of recent data E. assist when organizations are relocating A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: 6. What is this year's forecast using the naive approach? A. 22,000 B. 20,000 C. 18,000 D. 15,000 E. 12,000 7. One reason for using the Delphi method in forecasting is to: A. avoid premature consensus (bandwagon effect) B. achieve a high degree of accuracy C. maintain accountability and responsibility D. be able to replicate results E. prevent hurt feelings The owner of Darkest Tans Unlimited in a local mall is forecasting this month's (October's) demand for the one new tanning booth based on the following historical data:
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8. What is this month's forecast using exponential smoothing with alpha = .2, if August's forecast was 145? A. 144 B. 140 C. 142 D. 148 E. 163 9. The two general approaches to forecasting are: A. mathematical and statistical B. qualitative and quantitative C. judgmental and qualitative D. historical and associative E. precise and approximation 10. The president of State University wants to forecast student enrollments for this academic year based on the
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This note was uploaded on 07/19/2011 for the course OMIS 430 taught by Professor C.schnieder during the Spring '10 term at S.E. Louisiana.

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SRQ2 - SRQ2 The dean of a school of business is forecasting...

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