Exam 2 Key F - EXAMINATION 2, Version F Use a Scantron Form...

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EXAMINATION 2, Version F 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. A qualitative forecast is made subjectively by the forecaster. a) True b) False 2. The ratio of actual output rate to capacity is utilization. a) True b) False 3. The cycle time of a production line is based on the workstation with the highest potential output rate. a) True b) False 4. If the number of customers you can serve per time period is more than the average number of customers arriving, the waiting line grows infinitely. a) True b) False 5. The standard time is the time it should take a qualified operator, working at a sustainable pace and using the appropriate tools and process, to do the job. a) True b) False 6. 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 7. In linear regression, what are we trying to forecast? a) Beta parameter b) Dependent variable c) Independent variable d) Y-intercept of the line e) Slope of the line 8. 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. 500 600 100 164 / 4 = 41 a) 3174 b) 164 c) 41 1
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d) 136 e) -34 9. The first step in forecasting is: a) determine what data is available b) decide what to forecast c) evaluate and analyze appropriate data d) select and test the forecast model e) establish the forecast accuracy requirements 10. The maximum output rate that can be sustained under normal conditions is _______________________. a) utilization
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This note was uploaded on 10/17/2011 for the course MNGT 368 taught by Professor Curthurds during the Spring '08 term at Nicholls State.

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Exam 2 Key F - EXAMINATION 2, Version F Use a Scantron Form...

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