forecasting

forecasting

University

10 Qs

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forecasting

forecasting

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Fadhilah Zahari

Used 67+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Address business cycle - inflation rate, money supply, housing starts, etc.

economic forecasting

Technology Forecasting

Demand forecasting

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Predicts possible technological advancements in the future such latest digital devices and systems, future
software and hardware, etc.

economic forecasting

Technology Forecasting

Demand forecasting

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

projections of a company's sales for each time period in the planning horizon

economic forecasting

Technology Forecasting

Demand forecasting

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Persistent, overall upward or downward pattern
Changes due to population, technology, age, culture, etc.
Typically several years duration

trend component

seasonal component

cyclical component

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Regular pattern of up and down fluctuations
Due to weather, customs, etc.
Occurs within a single year

trend component

seasonal component

cyclical component

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

-repeating up and down movements
-affected by business cycle, political, and economic factors
-multiple years duration
-often causal or associative relationships

trend component

seasonal component

cyclical component

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

forecasting method that assumes next period's forecast is equal to the current period's actual value

Naive Method

Jury of Executive Opinion

Delphi method

Consumer Market Survey

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