Forecasting and Demand Management Quiz

Which of the following forecasting methods isn't based on judgment and opinion?

• Qualitative

• Associated

• Delphi method

• Expert judgment

Calculate a three-month weighted moving average (rounded up) based on the following information.

• 96

• 97

• 99

• 101

A company used simple regression to determine the relationship between sales and product pricing. Their study resulted in the following (y = 40,000 - 7,000x). This best implies that:

• A $1.00 increase in product pricing resulted in a sales increase of $7,000

• A $7.00 increase in product pricing resulted in a sales decrease of $7,000

• A $1.00 increase in product pricing resulted in a sales decrease of $7,000

• A $1.00 increase in product pricing resulted in a sales decrease of $33,000

A demand planner was asked to find the predicted value of 'y' using simple regression. The following equation was given to the planner y = 3.00 + 15x. Calculate the next period predicted value where x = 3.

• 15

• 21

• 48

• 54

What is the valid range of numbers found in the correlation coefficient?

• -1.0 to +1.0

• -0.01 to +0.01

• -0.001 to +0.001

• Must be above or below .01

What variable is being predicted in simple regression?

• Predictor

• Intercept

• Dependent

• Independent

A company projecting the demand for a product is best using:

• Demand forecasting

• Demand management

• Qualitative forecasting

• Quantitative forecasting

What term best describes the art of synchronizing supply and demand plans?

• Demand planning

• Sales management

• Production planning

• Demand management

Which of the following isn't one of the four elements of demand management?

• Planning demand

• Processing demand

• Influencing demand

• Managing and prioritizing demand

Who best serves as the communications' focal point between the supply and demand organizational areas?

• Master scheduler

• Demand manager

• Supply chain manager

• Highest ranking salesperson