ISOM 351 Final Ch8,9,12,14 Exam
Questions with Correct Answers
100% PASS
The Acme Computer Company has recorded sales of one of its products for a six-
week period:
Week 1: 25
Week 2: 23
Week 3: 20
Week 4: 22
Week 5: 23
Week 6: 24
Using the three-week moving-average method, forecast sales for week 7. -
CORRECT ANSWER-23
The manager of a pizza shop must forecast weekly demand for special pizzas so
that he can order pizza shells weekly. Recent demand in shown the information
from table. Using a three-week moving average, what is the forecast for week 7?
,Week 1: 50 Pizzas
Week 2: 65 Pizzas
Week 3: 53 Pizzas
Week 4: 56 Pizzas
Week 5: 55 Pizzas
Week 6: 60 Pizzas - CORRECT ANSWER-57
One aspect of demand that makes every forecast inaccurate is: - CORRECT
ANSWER-random variation
The manufacturer developed and tested a questionnaire, designed to assist them in
gauging the level of acceptance for their new product, and identified a
representative sample as part of their: - CORRECT ANSWER-market research
Which on of the following statements about forecasting is FALSE? - CORRECT
ANSWER-The most frequent used time-series forecasting method is exponential
smoothing because of its simplicity and the small amount of data needed to
support it
You should use the simple moving-average method to - CORRECT ANSWER-
estimate the mean demand of a time series that has pronounced trend and seasonal
influences
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
, The weighted moving-average method allows - CORRECT ANSWER-forecasters
to emphasize recent demand over earlier demand. The forecast will be more
responsive to change in the underlying average of the demand series
In exponential smoothing, - CORRECT ANSWER-higher values of alpha place
greater weight on recent demands in computing the average
It is not near the end of May and you must prepare a forecast for June for a certain
product. The forecast for May was 900 units. The actual demand for May was 1000
units. You are using the exponential smoothing method with = 0.20. The forecast
for June is: - CORRECT ANSWER-fewer than 925 units
Professor Willis noted that the popularity of his office hours mysteriously rose in
the middle and the end of each semester, falling off to virtually no visitors
throughout the rest of the year. The demand pattern at work is: - CORRECT
ANSWER-seasonal
The judgement methods of forecasting are to be used for the purposes of: -
CORRECT ANSWER-making adjustments to quantitative forecasts due to
unusual circumstances
Which of the following statements about forecasting is FALSE? - CORRECT
ANSWER-Time series express the relationship between the factor to be forecast
and related factors such as promotional campaigns, economic conditions, and
competitor actions
Questions with Correct Answers
100% PASS
The Acme Computer Company has recorded sales of one of its products for a six-
week period:
Week 1: 25
Week 2: 23
Week 3: 20
Week 4: 22
Week 5: 23
Week 6: 24
Using the three-week moving-average method, forecast sales for week 7. -
CORRECT ANSWER-23
The manager of a pizza shop must forecast weekly demand for special pizzas so
that he can order pizza shells weekly. Recent demand in shown the information
from table. Using a three-week moving average, what is the forecast for week 7?
,Week 1: 50 Pizzas
Week 2: 65 Pizzas
Week 3: 53 Pizzas
Week 4: 56 Pizzas
Week 5: 55 Pizzas
Week 6: 60 Pizzas - CORRECT ANSWER-57
One aspect of demand that makes every forecast inaccurate is: - CORRECT
ANSWER-random variation
The manufacturer developed and tested a questionnaire, designed to assist them in
gauging the level of acceptance for their new product, and identified a
representative sample as part of their: - CORRECT ANSWER-market research
Which on of the following statements about forecasting is FALSE? - CORRECT
ANSWER-The most frequent used time-series forecasting method is exponential
smoothing because of its simplicity and the small amount of data needed to
support it
You should use the simple moving-average method to - CORRECT ANSWER-
estimate the mean demand of a time series that has pronounced trend and seasonal
influences
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
, The weighted moving-average method allows - CORRECT ANSWER-forecasters
to emphasize recent demand over earlier demand. The forecast will be more
responsive to change in the underlying average of the demand series
In exponential smoothing, - CORRECT ANSWER-higher values of alpha place
greater weight on recent demands in computing the average
It is not near the end of May and you must prepare a forecast for June for a certain
product. The forecast for May was 900 units. The actual demand for May was 1000
units. You are using the exponential smoothing method with = 0.20. The forecast
for June is: - CORRECT ANSWER-fewer than 925 units
Professor Willis noted that the popularity of his office hours mysteriously rose in
the middle and the end of each semester, falling off to virtually no visitors
throughout the rest of the year. The demand pattern at work is: - CORRECT
ANSWER-seasonal
The judgement methods of forecasting are to be used for the purposes of: -
CORRECT ANSWER-making adjustments to quantitative forecasts due to
unusual circumstances
Which of the following statements about forecasting is FALSE? - CORRECT
ANSWER-Time series express the relationship between the factor to be forecast
and related factors such as promotional campaigns, economic conditions, and
competitor actions
