l>Chapter 11, Forecasting

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Which expression most carefully describes the Delphi forecasting technique?A.consumer survey
B.individual opinions
C.series the questionnaires
D.test markets
E.historic data
2.Which that the following statements are true around time-series forecasting?A.Time series analysis is based upon the idea the the history of events over time deserve to be provided to guess the future.
B.Time series analysis do the efforts to understand the device underlying and surrounding the item being forecast.
C.Under time-series methods, need can be split into contents such as average level, trend, seasonality, cycle and also error.
D.Time collection methods are helpful for long-range forecasts once the need pattern is supposed to stay stable,
E.A, B, and C
F.A and also D
G.All the the above
3.Under exponential smoothing, if we want At to be an extremely responsive to current demand, the worth of alpha must be:A.Large
E.the value of alpha doesn"t matter
4.Which the the adhering to would no be classified together a time-series technique?A.Simple moving average
B.Exponential smoothing
C.Box Jenkins technique
D.Leading indicators
E.Trend projections
5.Given the the previous estimate of 65 turned the end to be four units much less than the really demand. The following forecast is 66. What would certainly be the worth of alpha if the an easy exponential smoothing forecast an approach is gift used?A.0.02
E.none that the above
6.Which that the following would no be classified as a ingredient of demand?A.Trend
E.Causal variation
7._____ version is usually more accurate than ______ design for medium-to-long-range forecasts.A.Time-series decomposition, causal regression
B.Causal regression, time-series decomposition
C.Time-series decomposition, straightforward exponential smoothing
D.Simple exponential smoothing, time-series decomposition
E.Simple exponential smoothing, causal regression
8.Which the the complying with is not the most necessary factor in picking a forecasting model?A.Size the forecasting budget
B.time horizon come forecast
C.data availability
D.accuracy measure supplied by the model
E.availability that qualified personnel
9.An accuracy measure that may be provided to indicate any kind of positive or an unfavorable bias in the forecast is:A.Tracking signal
B.Mean absolute deviation
C.Mean squared error
D.Standard error
E.None the the above
10.A forecasting method that supplies several simple forecasting rules and computer simulation of these rules on previous data is called:A.Simulation
C.Focus forecasting
D.Historical analog

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None the the above
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