Ch. 3 - Question 1 1 points Save 1 points Save Gradual,...

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Question 1 1 points Save Gradual, long-term movement in time series data is called: season al variatio n cycles irregula r variatio n trend random variatio n Question 2 1 points Save Which of the following is not a step in the forecasting process?
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determi ne the purpos e and level of detail require d eliminat e all assum ptions establis h a time horizon select a forecas ting model monitor the forecas t
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Question 3 1 points Save Using the latest observation in a sequence of data to forecast the next period is:
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a moving averag e forecas t a naive forecas t an expone ntially smooth ed forecas t an associa tive forecas t regress ion analysi s
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Question 4 1 points Save The two most important factors in choosing a forecasting technique are:
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cost and time horizon accura cy and time horizon cost and accura cy quantit y and quality objectiv e and subjecti ve compo nents
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Question 5 1 points Save In business, forecasts are the basis for:
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capacit y plannin g budgeti ng sales plannin g product ion plannin g all of the above Question 6 1 points Save The two general approaches to forecasting are:
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mathe matical and statistic al qualitati ve and quantit ative judgme ntal and qualitati ve historic al and associa tive precise and approxi mation
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Question 7 1 points Save Averaging techniques are useful for:
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distingu ishing betwee n random and non- random variatio ns smooth ing out fluctuati ons in time series eliminat ing historic al data providi ng accura cy in forecas ts averag e people
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Question 8 1 points Save Moving average forecasting techniques do the following:
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immedi ately reflect changi ng pattern s in the data lead change s in the data smooth variatio ns in the data operate indepe ndently of recent data assist when organiz ations are relocati ng
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Question 9 1 points Save Which of the following is not a type of judgmental forecasting?
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This note was uploaded on 07/26/2011 for the course MANA 3363 taught by Professor Cagwin,douglass during the Summer '08 term at Texas Brownsville.

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Ch. 3 - Question 1 1 points Save 1 points Save Gradual,...

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