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WorksheetsWeek 4 - Operations Management (3TOM6)
Total questions: 10
Worksheet time: 10mins
Forecasts are a basic input in the decision process of operations management because they provide information on future demand.
True
False
Forecast should be complex so that only the organization will understand it.
True
False
The following are features of a forecast. You may select more than one as long as it is a feature of a forecast.
Forecasting techniques assume that the same causes of demand that exist in the past will continue to exist in the future.
Forecast accuracy decreases as the time period covered by the forecast – the time horizon – increases.
Forecast for individual items are more accurate than group items.
Forecasts are not perfect.
Selecting a forecasting technique is the first step in forecasting
True
False
Long term forecast is more credible than short term so the company can prepare for the future.
True
False
Forecasts should be monitored for possible adjustments.
True
False
The following are forecasting techniques. Please select all that apply.
Visionary
Judgmental
Associative Model
Descriptive
Time-Series
It is a general approach to forecasting which is based on experience and intuition.
Quantitative Forecast
Qualitative Forecast
Predictive Forecast
Quantitative forecast is based on historical data such as: (please select those that apply)
cycle
salesforce opinions
trend
seasonality
consumer survey
My reaction after reading week 4 lesson and answering this Quizziz activity.
I am happy because I learned something new.
I feel confused and have questions next meeting.
I feel sad because I am not sure of my answers.
No Reaction; Deadmatology
