WorksheetsLecture 5 Forecasting
Total questions: 9
Worksheet time: 5mins
Name
Class
Date
1.
How many categories of forecasting methods were discussed?
a)
5
b)
2
c)
3
d)
4
2.
What is batch forecasting?
a)
An accurate forecasting method
b)
Massive application of forecasting methods in multiple time series
c)
A method of hierarchical forecasting
d)
Statistical method of forecasting for business
3.
Which of the follow is not a statistical forecasting method ?
a)
Naive
b)
Arima
c)
Theta
d)
Delphi
4.
Which of the following statements is true?
a)
Naive is the most accurate forecasting method
b)
Naive in used as benchmark method
c)
Naive is the winner of forecasting competitions
d)
Naive is not used in businesses
5.
Which of the following statements is true for exponential smoothing forecasting methods ?
a)
Are used in the case of judgmental forecasting
b)
Are more suitable for long term forecasting horizon
c)
Are more suitable for short term forecasting horizon
d)
Are more suitable for budget forecasting
6.
Better accuracy is achieved (based on bibliography) for long term forecasting horizon in the case of:
a)
Exponential smoothing forecasting methods
b)
Naive forecasting method
c)
Intermittent demand forecasting method
d)
Regression forecasting methods
7.
When the confidence interval is decreased then range of forecasting interval is getting smaller.
a)
True
b)
False
8.
When a manager uses the sum of the forecasts of each department that he is responsible for, then he follows:
a)
Top down technique
b)
Bottom up technique
c)
Rolling forecasting technique
d)
Batch forecasting technique
9.
Rolling forecasting is a method of evaluation and monitoring.
a)
True
b)
False
100 %
