Module 2 : Demand Forecasting /
Long term is the correct time horizon for which of the following decisions?
Select one:
1. Facility location
2. Inventory management
3. Staff planning
4. Master production planning
The greatest smoothing effect is obtained by using:
Select one:
1. a moving average based on a small number of periods.
2. exponential smoothing with a small weight value.
3. the root-mean-square error.
4. the barometric method.
Quantitative forecasting techniques include:
Select one:
1. Delphi method.
2. manager opinions.
3. exponential smoothing.
4. consumer surveys
The forecasting time horizon that would typically be easiest to predict for would be the ______________.
Select one:
1. medium-range
2. long-range
3. short-range
4. intermediate range
Forecasting done for a duration of 3 or more years is known as _________.
Select one:
1. Short range forecast
2. Medium Range Forecast
3. Long range Forecast
4. None of the above
Trend projection is an example of which kind of forecasting?
Select one:
1. Qualitative
2. Time-series
3. Barometric
4. Econometric
Which among the following is not a qualitative technique of forecasting
Select one:
1. Naive Approach
2. Jury Opinion
3. consumer Market Survey
4. Trend Projection
Which among the following is not a qualitative technique of forecasting?
Select one:
1. Naive Approach
2. sales force composite
3. exponential smoothing
4. Trend Projection
Which among the following is a qualitative technique of for casting?
Select one:
1. Naive Approach
2. Delphi method
3. exponential smoothing
4. Trend Projection
Which among the following is a quantitative technique of for casting?
Select one:
1. Naive Approach
2. exponential smoothing
3. Trend Projection
4. All of the above
If regression analysis is used to estimate the linear relationship between the natural logarithm of the variable to
be fore cabstand time, then the slope estimate is equal to _________.
Select one:
1. the linear trend.
2. the natural logarithm of the rate of growth.
3. the natural logarithm of one plus the rate of growth.
4. the natural logarithm of the square root of the rate of growth.
Which of the following is not a qualitative forecasting technique?
Select one:
1. Surveys of consumer expenditure plans
2. Perspectives of foreign advisory councils
3. Consumer intention polling
4. Time-series analysis
A qualitative forecast:
Select one:
1. predicts the quality of a new product.
2. predicts the direction, but not the magnitude, of change in a variable.
3. is a forecast that is classified on a numerical scale from 1 (poor quality) to 10 (perfect quality).
4. is a forecast that is based on econometric methods.
In a straight line equation Y = a + b X; b is the ___________.
Select one:
1. Y-intercept
2. Slope
3. X-intercept
4. Trend
Smoothing constant is indicated with the symbol _________.
Select one:
1. Alpha
2. Beta
3. Gama
4. None of the given option
Which of the following is a quantitative technique of for casting?
Select one:
1. Naive Approach
2. Jury Opinion
3. consumer Market Survey
4. Linear Regression
Forecasting done for a duration of 3 month or less is known as _________.
Select one:
1. Short range forecast
2. Medium Range Forecast
3. Long range Fore caste
4. None of the given option
