1. Award: 1.00 point
TB TF Qu. 03-01 Forecasting techniques generally assume an...
Forecasting techniques generally assume an existing causal system that will continue to exist in the
future.
True
False
Forecasts depend on the rules of the game remaining reasonably constant.
References
True / False Difficulty: 1 Easy
TB TF Qu. 03-01 Learning Objective:
Forecasting 03-02 Explain why
techniques forecasts are
generally generally wrong.
assume an...
,2. Award: 1.00 point
TB TF Qu. 03-02 For new products in a strong growth mode, a...
For new products in a strong growth mode, a low alpha will minimize forecast errors when using
exponential smoothing techniques.
True
False
If growth is strong, alpha should be large so that the model will catch up more quickly.
References
True / False Difficulty: 2 Medium
TB TF Qu. 03-02 Learning Objective:
For new 03-10 Prepare an
products in a exponential
strong growth smoothing forecast.
mode, a...
,3. Award: 1.00 point
TB TF Qu. 03-03 Once accepted by managers, forecasts should...
Once accepted by managers, forecasts should be held firm regardless of new input since many
plans have been made using the original forecast.
True
False
Flexibility to accommodate major changes is important to good forecasting.
References
True / False Difficulty: 1 Easy
TB TF Qu. 03-03 Learning Objective:
Once accepted 03-04 Outline the
by managers, steps in the
forecasts forecasting process.
should...
, 4. Award: 1.00 point
TB TF Qu. 03-04 Forecasts for groups of items tend to be...
Forecasts for groups of items tend to be less accurate than forecasts for individual items because
forecasts for individual items don't include as many influencing factors.
True
False
Forecasting for an individual item is more difficult than forecasting for a number of items.
References
True / False Difficulty: 1 Easy
TB TF Qu. 03-04 Learning Objective:
Forecasts for 03-02 Explain why
groups of items forecasts are
tend to be... generally wrong.
TB TF Qu. 03-01 Forecasting techniques generally assume an...
Forecasting techniques generally assume an existing causal system that will continue to exist in the
future.
True
False
Forecasts depend on the rules of the game remaining reasonably constant.
References
True / False Difficulty: 1 Easy
TB TF Qu. 03-01 Learning Objective:
Forecasting 03-02 Explain why
techniques forecasts are
generally generally wrong.
assume an...
,2. Award: 1.00 point
TB TF Qu. 03-02 For new products in a strong growth mode, a...
For new products in a strong growth mode, a low alpha will minimize forecast errors when using
exponential smoothing techniques.
True
False
If growth is strong, alpha should be large so that the model will catch up more quickly.
References
True / False Difficulty: 2 Medium
TB TF Qu. 03-02 Learning Objective:
For new 03-10 Prepare an
products in a exponential
strong growth smoothing forecast.
mode, a...
,3. Award: 1.00 point
TB TF Qu. 03-03 Once accepted by managers, forecasts should...
Once accepted by managers, forecasts should be held firm regardless of new input since many
plans have been made using the original forecast.
True
False
Flexibility to accommodate major changes is important to good forecasting.
References
True / False Difficulty: 1 Easy
TB TF Qu. 03-03 Learning Objective:
Once accepted 03-04 Outline the
by managers, steps in the
forecasts forecasting process.
should...
, 4. Award: 1.00 point
TB TF Qu. 03-04 Forecasts for groups of items tend to be...
Forecasts for groups of items tend to be less accurate than forecasts for individual items because
forecasts for individual items don't include as many influencing factors.
True
False
Forecasting for an individual item is more difficult than forecasting for a number of items.
References
True / False Difficulty: 1 Easy
TB TF Qu. 03-04 Learning Objective:
Forecasts for 03-02 Explain why
groups of items forecasts are
tend to be... generally wrong.
