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Question 33The simple exponential smoothing forecast method is appropriate whenQuestion 34The trend corrected exponential smoothing (Holt's Model) forecast method is appropriate whendemand has observable trend but no seasonality.demand has observable trend or seasonality.demand has no observable trend or seasonality.demand has observable trend but no seasonality.demand has no observable level or seasonality.Question 35The measure of forecast error where the amount of error of each forecast is squared and then anaverage is calculated isQuestion 36The measure of forecast error where the absolute amount of error of each forecast is averaged ismean absolute deviation (MAD).mean squared error (MSE).mean absolute deviation (MAD).mean absolute percentage error (MAPE).bias.Question 371 out of 1 points1 out of 1 points1 out of 1 points1 out of 1 points1 out of 1 points
Friday, November 4, 2022 12:51:35 AM EDTAnswers:Question 38The measure of whether a forecast method consistently over- or underestimates demand isQuestion 39Selected Answer:Answers:The measure of how signi²cantly a forecast method consistently over- or underestimates demand isthe tracking signal.mean squared error (MSE).mean absolute deviation (MAD).bias.the tracking signal.Question 40Which of the following is a commonly used measure for measuring forecast error?Question 41Selected Answer:Answers:The ________ is a good measure of forecast error when the underlying forecast has signi²cantseasonality and demand varies considerably from one period to the next.1 out of 1 points1 out of 1 points0 out of 1 points1 out of 1 points
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