forecasting part 1

What is the purpose of demand management?

• To decrease production

• To reduce inventory

• To coordinate and control all sources of demand

• To increase costs

What is the purpose of demand management?

• To decrease production

• To reduce inventory

• To coordinate and control all sources of demand

• To increase costs

What is dependent demand?

• Demand that is not important

• Demand that is independent of other products

• Demand that is seasonal

• Demand that must be met

What is the main focus of time series analysis in this course?

• Population analysis

• Demand analysis

• Weather analysis

• Stock market analysis

What is the purpose of autocorrelation in time series analysis?

• To predict future demand

• To identify random variations

• To detect trends

• To analyze historical data

What is the characteristic of a trend in time series analysis?

• It is influenced by seasonal factors

• It is always linear

• It can be a long-term increase or decrease in data

• It is not important in forecasting

What is the main advantage of weighted moving average over simple moving average?

• It is more accurate in short-term forecasting

• It allows giving higher weights to more important periods

• It gives equal weight to all periods

• It is easier to calculate

What is the purpose of selecting weights in weighted moving average?

• To ignore recent data

• To make the forecast more complex

• To make the forecast smoother

• To complicate the calculation

What is the main focus of forecasting method selection guide?

• Selecting the longest historical data

• Selecting the most complex method

• Selecting the method based on data pattern and forecast horizon

• Selecting the method randomly

What is the notation used for forecasted value in time series analysis?

• F

• B

• C

• A