cgms401 ch 4 Exam Questions And
Correct Answers |Already Graded
A+||Brand New Version
The accuracy of a forecast increases - CORRECT ANSWER-in a shorter time
period
The range of time periods being forecast is referred to as the forecasting -
CORRECT ANSWER-horizon
approach to forecasting relies on non-quantitative analysis of historical data and/or
analysis of subjective inputs obtained from various sources - CORRECT
ANSWER-Judgmental methods
the weighted moving average forecast: - CORRECT ANSWER-can be reflective of
the most recent observations in a time series
seasonality - CORRECT ANSWER-regular repeating wavelike variations in a time
series related to factors such as time of year, weather or recurring events
random variations - CORRECT ANSWER-Residual variations that remain in time
series data after all other behaviours have been accounted for
Correct Answers |Already Graded
A+||Brand New Version
The accuracy of a forecast increases - CORRECT ANSWER-in a shorter time
period
The range of time periods being forecast is referred to as the forecasting -
CORRECT ANSWER-horizon
approach to forecasting relies on non-quantitative analysis of historical data and/or
analysis of subjective inputs obtained from various sources - CORRECT
ANSWER-Judgmental methods
the weighted moving average forecast: - CORRECT ANSWER-can be reflective of
the most recent observations in a time series
seasonality - CORRECT ANSWER-regular repeating wavelike variations in a time
series related to factors such as time of year, weather or recurring events
random variations - CORRECT ANSWER-Residual variations that remain in time
series data after all other behaviours have been accounted for
