Demand Forecasting Quiz

What is demand forecasting?

• Estimating customer satisfaction

• Estimating future demand for a product or service

• Calculating total revenue

• Measuring customer loyalty

Which of the following is a qualitative method of demand forecasting?

• Delphi method

• Moving averages

• Exponential smoothing

• Regression analysis

Demand forecasting helps in which of the following?

• Reducing inventory costs

• Planning production

• Budgeting and financial planning

• All of the above

Which of these is NOT a type of demand forecasting?

• Short-term forecasting

• Long-term forecasting

• Continuous forecasting

• Medium-term forecasting

In the Delphi method, the forecasts are developed by:

• A single analyst

• Brainstorming with customers

• Group of experts reaching consensus

• An automated system

The time frame for short-term demand forecasting is:

• 1-3 months

• 1-2 years

• 3-5 years

• 10 years

Time series analysis is based on:

• Historical data

• Customer surveys

• Product lifecycle studies

• Market trends only

Which demand forecasting method relies on historical sales trends?

• Delphi method

• Time series analysis

• Market research

• Expert opinion

Which of the following is a quantitative forecasting method?

• Market research

• Sales force composite

• Exponential smoothing

• Delphi method

Moving average forecasting method is suitable for:

• Products with seasonal fluctuations

• Products with stable demand

• New products in the market

• Highly fluctuating demand