Q14 suppose that all the former forecasts have been

Q14. Suppose that all the former forecasts have been made to
decide on the installation of additional locker units. The retail
company plans to make judgemental adjustments due to the few
available data of only two years. Which of the following statements
is NOT correct?
A. Adjustments could be made but should also consider
competitor actions.
B. Due to the novelty of this service, judgemental adjustments are
reasonable.
C. Judgemental adjustments must not be made whenever actual
data is available.
D. Adjustments require care not to be over-confident or replace
forecasts with targets.
E. Instead of a judgemental adjustment, data from other
universities could be collected.

Question 15
In this module, you have learned five techniques for management decision making that
belong to the general business analytics maturity model shown below (Image: OPS Rules).
Q15. What type of analytics does each of the four categories in the above chart represent,
from bottom to top (increasing in value) or from left to right (increasing in difficulty)?
A. Diagnostic – Descriptive – Prescriptive – Predictive
B. Diagnostic – Descriptive – Predictive – Prescriptive
C. Descriptive – Diagnostic – Predictive – Prescriptive
D. Descriptive – Prescriptive – Diagnostic – Predictive
E. Descriptive – Prescriptive – Predictive – Diagnostic

Question 15
In this module, you have learned five techniques for management decision making that
belong to the general business analytics maturity model shown below (Image: OPS Rules).
Q15. What type of analytics does each of the four categories in the above chart represent,
from bottom to top (increasing in value) or from left to right (increasing in difficulty)?
A. Diagnostic – Descriptive – Prescriptive – Predictive
B. Diagnostic – Descriptive – Predictive – Prescriptive
C. Descriptive – Diagnostic – Predictive – Prescriptive
D. Descriptive – Prescriptive – Diagnostic – Predictive
E. Descriptive – Prescriptive – Predictive – Diagnostic

Summer Examination 2017
Time and Place
31 May 2017, 9:30-12:30
Also check your timetable
Exam Format and Structure
3-hour closed book examination
5 questions in 2 parts (100 marks total)
Part A: Question A1 Simulation (25 marks, required)
Part B: Questions B1-B4 on Decision Analysis, Network
Analysis, Forecasting, and LP (25 marks each, 3 required)
Supplemental Materials Provided
formula sheet
random sampling numbers (check Moodle)
standard normal distribution table
Contact: Helena Greenwood,
[email protected]

Keep up the good work and high success on your exam!
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R
magazine, Fourth quarter 2008 issue
Thank you for being part of my first term and module at Lancaster!