WorksheetsFM015 PART B SET 1
Total questions: 6
Worksheet time: 3mins
Name
Class
Date
1.
2. Which of the following are feasible values for the correlation coefficient?
a)
1 and 2 only
b)
3 and 4 only
c)
1, 2 and 4 only
d)
All the above
2.
3. Freedie, a trader forecasts that its sales in the first month of 2017 will be $700,000 and will then grow at 5% per month for the next three months.It prices its products by adding a mark-up of 25% to its purchase cost. The retailer always carries sufficient inventory to cover the next month's forecast sales.What is the forecast inventory (to the nearest $) at the end of the second month of 2017?
(a)
3.
4. Profits have been as follows ($ m):
a)
95
b)
105
c)
-0.2
d)
5
4.
5. Which TWO of the following could be included in a time series based sales forecast?
a)
Index
b)
Seasonal variation
c)
Random fluctuation
d)
Cyclical variation
5.
6. In a time-series analysis, the multiplicative model is used to forecast sales and the following seasonal variations apply.
a)
Cannot be determined
b)
Remained constant between quarter 1 and quarter 2
c)
Increased between quarter 1 and quarter 2
d)
Deceased between quarter 1 and quarter 2
6.
7. A retailer forecasts the following data for the coming period:
a)
$385,000
b)
$390,000
c)
$365,000
d)
$410,000
100 %
