Mathematical Forecasting Methods Quiz

What is the primary purpose of the Moving Averages method?

• To account for seasonal variations

• To gather expert opinions

• To smooth out fluctuations in demand

• To analyze long-term trends

Which forecasting method gives more weight to recent observations?

• Moving Averages

• Trend Models

• Delphi Method

• Exponential Smoothing

What does ARIMA stand for?

• Autoregressive Integrated Moving Average

• Advanced Regression Integrated Model Analysis

• Automated Random Integrated Model Analysis

• Autonomous Regression Integrated Moving Average

Which qualitative forecasting method involves expert opinions?

• Trend Analysis

• Delphi Method

• Salesforce Estimates

• Market Research

What is a key factor in choosing a forecasting method?

• Employee Satisfaction

• Data Availability

• Product Pricing

• Marketing Strategies

Seasonal Models are used to account for what?

• Expert opinions

• Long-term trends

• Cyclical demand variations

• Random fluctuations

What is the impact of pricing strategies on demand forecasting?

• They have no impact

• They can significantly impact demand

• They only affect long-term forecasts

• They are irrelevant to forecasting

What type of analysis helps identify long-term demand direction?

• Trend Analysis

• Market Research

• Seasonality Analysis

• Random Variation Analysis

Which of the following is NOT a driver of demand forecasting?

• Market Trends

• Pricing Strategies

• Product Lifecycle

• Employee Turnover

What is essential for effective inventory management?

• Accurate demand forecasts

• Aggressive marketing

• High employee morale

• Frequent product launches