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WorksheetsDemand Forecasting Quiz
Total questions: 25
Worksheet time: 13mins
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
Demand forecasting helps businesses to:
Eliminate all risks
Plan for the future
Increase customer complaints
Stop production
Regression analysis helps to forecast demand by:
Analyzing relationships between variables
Collecting customer opinions
Using historical averages only
Ignoring external factors
Which forecasting method uses survey data from potential customers?
Exponential smoothing
Market research
Delphi method
Moving averages
Long-term forecasting is typically used for:
Inventory management
Production scheduling
Capacity planning
Seasonal analysis
In demand forecasting, the term seasonality refers to:
Long-term demand patterns
Demand fluctuations due to weather or holidays
Irregular demand spikes
New product demand
Which method smooths out short-term fluctuations in demand data?
Time series
Exponential smoothing
Regression analysis
Market research
The naive approach to demand forecasting assumes:
Demand will be the same as the previous period
Demand will increase linearly
Demand follows a seasonal trend
Demand will decrease over time
The Delphi method is best used when:
Historical data is unavailable
Short-term forecasts are needed
Demand is highly stable
A time series analysis is preferred
The time frame for long-term forecasting typically extends to:
1 year
3 months
5-10 years
2 years
Which of the following does NOT impact demand forecasting?
Market trends
Competitor pricing
Weather patterns
Employee satisfaction
Which method is most suitable for a new product with no historical data?
Moving averages
Market research
Time series analysis
Regression analysis
Seasonal demand patterns can be analyzed using:
Exponential smoothing
Trend projection
Time series decomposition
Naive method
Which method uses a weighted average of past demand data?
Exponential smoothing
Delphi method
Market research
Regression analysis
Forecast errors can be measured using:
Moving average error
Mean Absolute Deviation (MAD)
Delphi deviations
Production delays
Which of the following is a limitation of demand forecasting?
Helps in future planning
100% accuracy is not possible
Reduces inventory costs
Identifies seasonal demand
