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Exam 2 Key A - EXAMINATION 2 Version A Use a Scantron Form...

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EXAMINATION 2, Version A 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. Qualitative forecasting methods a) are made objectively by the forecaster b) are made subjectively by the forecaster c) are made using existing data sources d) are based on mathematical models e) are only used in parallel with quantitative models 2. Which of the following is not considered to be one of the four basic patterns of time series data? 3. For what is a tracking signal used? 4. Consider the demand data listed below. What is the 4-month moving average forecast for June? Month Actual Demand Jan. 10,000 Feb. 12,000 Mar. 24,000 Apr. 8,000 May 14,000 (12,000+24,000+8,000+14,000)/4=14,500 5. Effective capacity is a) the maximum input rate that can be sustained under normal conditions b) the maximum output rate that can be sustained under normal conditions c) the maximum input rate that can be sustained under ideal conditions d) the maximum output rate that can be sustained under ideal conditions e) the maximum percent measure of how well available capacity is being used
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