OSCM 306 CH 3 Practice Quiz
Authored by Carol Trivedi
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Forecasts based on judgment and opinion do not include:
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The president of State University wants to forecast student enrollments for this year based on historical data:
5 years ago 15,000; 4 years ago 16,000; 3 years ago 18,000
2 years ago 20,000; Last year 21,000
22,800
19,500
18,750
22,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The forecasting method which uses anonymous questionnaires to achieve a consensus forecast is:
Surveys
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The two most important factors in choosing a forecasting technique are:
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following smoothing constants would make an exponential smoothing forecast equivalent to a naive forecast?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term most closely relates to associative forecasting techniques?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner of Darkest Tans Unlimited is doing a naive forecast for this month's (October's) demand for the one new tanning booth based on historical data:
June 110; July 150; August 120
September 160
130
100
200
140
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